Employee Provident Fund Offers You Less Interest
Tuesday, December 20, 2016, 11:40 AM
Retirement fund body, Employees Provident Fund Organization, used to pay an interest rate of 8.8% a year, for the Financial Year 2015-2016. Now, EPFO has cut interest rates, offered on employee provident fund. EPFO would offer an interest of only 8.65% a year, for the current fiscal year 2016-2017. Lower interest rate is due to general fall in the interest rates in the economy.