The EPFO members got 8.8% in 2015-16 and 8.75% each in 2014-15 and 2013-14. Photo: Ramesh Pathania/MintNew Delhi: Retirement fund body Employees’ Provident Fund Organisation (EPFO) has asked its field offices to credit 8.55% interest rate for 2017-18, the lowest rate since 2012-13 fiscal, into the PF accounts of around 5 crore subscribers. The finance ministry had ratified 8.55% interest rate on EPF for the last fiscal. The labour ministry had sent the CBT’s recommendation over the interest rate to the finance ministry for its concurrence. In 2012-13, EPFO had provided 8.5% interest rate on EPF.

Source: Mint May 25, 2018 15:11 UTC