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Home News EPF interest rate lowered by 15 bps to 8.5% for FY20

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EPF interest rate lowered by 15 bps to 8.5% for FY20

EPF interest rate lowered by 15 bps to 8.5% for FY20

Thursday, March 5, 2020, 4:04 PM

Salaried employees will get 0.15% lower returns on their provident fund deposits this year with the Employees' Provident Fund Organisation announcing a 15 basis-point-reduction in the interest rate on PF-deposits in 2019-20 compared to 8.65% in 2018-19 on the back of lower yields on its investments. The decision to this effect was taken at the just concluded central board of trustees meeting of EPFO.

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