- HIGHEST IN 3 YEARS
The rate will be officially notified after the mandatory approval by the finance ministry, and subsequently, EPFO will credit the funds-₹1.07 trillion to over 65 million subscribers' accounts.
The interest accrued on a principal amount of about ₹13 trillion for 2023-24. In the previous fiscal year, the distributed amount was ₹91,151 crore on a principal amount of ₹11.02 trillion.
Post the distribution, the retirement fund body would be left with a surplus of about ₹280 crore, which is lower than about the ₹664 crore surplus in 2022-23, sources said. At an interest of 8.2%, the surplus left with EPFO would have been around ₹900 crore, they said.
Esta historia es de la edición February 11, 2024 de Financial Express Mumbai.
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