Waiting for your PF interest? EPFO says 8.25% credit will be visible by July 15
AI Summary
The EPFO has assured that the long-awaited interest payments for Provident Fund accounts at an 8.25% rate will finally be credited by July 15. Labour Minister Mansukh Mandaviya revealed that the processing for these interest payments is nearly complete for approximately 34 crore member accounts. This update is significant as it addresses the concerns of millions of workers relying on their PF funds for financial stability, signaling a timely resolution to the pending interest issue.
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