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PF interest rate hiked to 8.65% in good news for aam aadmi

Friday, February 22, 2019, 6:40 AM

Retirement fund body EPFO announced an interest rate of 8.65 per cent on PF deposits for 2018-19, to its six crore subscribers. "The proposal to declare interest rate for this fiscal is on the agenda of the EPFO trustees meeting on February 21, 2019," a source had earlier said. The interest rate was at 8.55 per cent for this fiscal as provided in 2017-18.
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Employees' Provident Fund Interest Rate Hiked To 8.65% For 2018-19

Thursday, February 21, 2019, 5:18 PM

The Central Board of Trustees of the Employees' Provident Fund Organisation(EPFO) has recommended increasing the interest rate on Employees' Provident Fund for 2018-19 to 8.65% as against 8.55% in the preceding year. The move, once approved by the finance ministry will benefit six crore EPFO subscribers. Epfo will have a surplus of Rs.151 crore as on date after doling out higher interest rates.
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Provident Fund rate may be retained at 8.55%

Monday, February 18, 2019, 9:51 AM

The government is likely to retain the provident fund interest rate at 8.55% despite the decline in interest rates, benefitting over 60 million subscribers of the Employees' Provident Fund Organisation (EPFO). The Central Board of Trustees (CBT) of the EPFO will meet on Thursday to consider the return for the current year besides an increase in the minimum pension for subscribers.

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