New Delhi: The Labour Ministry will soon notify 8.65 percent rate of interest on Employees’ Provident Fund (EPF) for 2018-19, said Labour Minister Santosh Gangwar yesterday. Over six crore subscribers will be benefited.
The notification would enable retirement fund body Employees’ Provident Fund Organisation (EPFO) to settle on withdrawal claims on this rate. Now, the EPFO is paying an interest rate of 8.55 percent for 2018-19 under PF withdrawal claims. The 8.55 percent interest rate on PF deposits was fixed for 2017-18.
