Government Announces 8.65% Interest Rate for EPFO Members in 2018-19

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Keeping in sight on the upcoming festive season, Labour Minister Santosh Gangwar announced higher interest rate of 8.65 percent benefit to over 6 crore EPFO members for the year 2018-19 on Tuesday.

Gangwar said, the present PF (Provident Fund) withdrawl at 8.55 percent have been raised by the government to 8.65 percent ahead of the festive season.

Earlier in February 2019, the Central Board of Trustees (CBT) of the EPFO had proposed for hiking the 5-year interest rate of 8.55 percent.

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