EPFO board meet on Monday: Interest rate, higher pension top agenda

The meeting is also likely to focus on the steps to widen the social security organisation's coverage to embrace about 100 million workers and address the dip in its corpus

Wait of nearly 70 million EPFO subscribers to know about the return on their EPF savings for 2022-23 is likely to end after the retirement fund’s apex decision-making body, Central Board of Trustees (CBT), meets Monday in the national capital.

According to sources, the decision on interest rate for 2022-23 is likely to be taken in the two-day meeting of CBT.

As on March 31, 2022, the Employee Provident Fund Organisation (EPFO) had total investments of over Rs 11 trillion.

“Overall, EPFO investments have been doing well but it is unlikely that there will be a major increase in the