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EPFO is crediting annual interest for FY 2025-26, with passbook balances updated by July 15. The faster processing uses the new CITES 2.01 digital platform. The government approved an 8.25% interest rate, impacting over 34 crore member accounts. EPFO simplified partial withdrawal rules and automated account transfers after job switches.
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Summary by ByteBrief
Fed Chair Neel Kashkari plans 2024 rate increase