Centre has approved 8.65 percent interest rate on deposits in Employees Provident Fund for 2018-19. Sources said Ministry of Labour and Employment has notified 8.65 percent rate of interest on EPF deposits for its over six crore subscribers.
The EPFO has been settling EPF withdrawal claims at 8.55 percent interest rate, approved for 2017-18. Now, the EPFO will settle accounts on the higher rate of 8.65 percent for 2018-19. (AIR NEWS)