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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.
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.
EPFO likely to retain interest rate at 8.55% for FY19
Monday, February 11, 2019, 5:39 PM
Retirement fund body EPFO is likely to retain the interest rate on employees' provident fund at 8.55% rate for the 2018-19 fiscal for its more than six crore subscribers, a highly-placed source said. "The proposal for providing interest rate for the current fiscal would come up in the meeting of the trustees of Employees' Provident Fund Organisation on February 21," the source said.
