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Finance Ministry okays 8.65% interest rate on EPF

Finance Ministry okays 8.65% interest rate on EPF

Thursday, April 20, 2017, 2:45 PM

Labour Minister Bandaru Dattatreya today said that the Finance Ministry has approved 8.65% interest rate on EPF for 2016-17. The ratification of the 8.65% on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers. Now, the communication will come. The formal discussions are over," the minister said.
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