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Finance Ministry okays 8.65 per-cent interest on EPF.

Finance Ministry okays 8.65 per-cent interest on EPF.

Sunday, April 16, 2017, 12:37 PM

The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 percent rate of interest on employees' provident fund for 2016-17, which will benefit over four crores EPFO members. The Finance Ministry in its communication to the Labour Ministry has, however, put a rider that the interest rate should not result in a deficit for the retirement fund.
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