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Today, an important meeting of EPFO ​​is going to be held, in such a situation, news is coming that a decision can be taken on the cut in deposit interest rate in this meeting. At the same time, crores of people working in the private sector can also get a shock. According to media reports, the interest rate can be cut. The reason for this is that EPFO's earnings from stock market and bond yield have declined.

When will you get the highest interest

The last time it was increased to 8.25 percent. Earlier in 2022-23, PF subscribers were given 8.15 percent interest. Those who are working in the private sector are reduced by 12 percent on the basic salary for EPF account. Along with this, the company also deposits the same money in the employee's PF account. EPFO has about 7 crore subscribers.

The total value was Rs 1.82 lakh crore

According to government data, EPFO ​​has set up more than 5.08 crore claims in 2024-25. The total amount of these claims is Rs 2.05 crore. At the same time, in 2023 -24, 4.45 Milin Claims were dealt with, whose total value was Rs 1.82 lakh crore. This means that people have withdrawn more money from their PF account.

EPFO's interest rate in 1952-53 was 3 percent

Let us know that the interest rate of EPFO ​​in 1952-53 was 3 percent. Which has increased gradually to 12 percent in 1989-90. This was the highest interest rate ever. At the same time, this was the interest rate till 2000-2001. After that it decreased to 9.5 percent in 2001-02. It fell to 8.5 percent in the year 2005-06. It reached the lowest 8.10 percent in 2021-22. A year ago, in the year 2022-23, an interest of 8.15% was received. The highest interest rate was given in the year 1989-90.