17 Sep, 2019 3:18p.m.

EPFO members will get interest for 2018-19 at 8.65 % credited soon

Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 percent interest on their deposits for 2018-19.

The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 percent interest rate for the last fiscal in February this year.

The proposal was sent for the concurrence of the finance ministry.

"...ahead of the festival season, over 6 crore EPFO subscribers would get 8.65 percent interest for 2018-19," Gangwar told reporters on the sidelines of a function here.

At present, the EPFO is settling PF withdrawal claims at 8.55 percent interest rate, which was approved for 2017-18.

Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page





Latest in Important News
Bank 🕑 20 Oct,19 10:50p.m.
News 🕑 05 Jul,19 1:13p.m.
Latest in Other News Sections
Five new NPS rules you should be aware 🕑 06 Aug,19 1:09p.m.
RBI cuts repo rates to 6.25. Loans set to get cheaper 🕑 04 Apr,19 12:42p.m.
Sree Chitra Tirunal Institute develops intravenous cancer drug 🕑 26 Mar,19 9:29p.m.
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.
EPFO to offer 8.65%, its 1st hike in 4 years 🕑 22 Feb,19 10:51a.m.
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.