FinMin ratifies 8.65% rate on EPF: Minister

Labour Minister Bandaru Dattatreya said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17.

The ratification of the 8.65 per cent on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers.

The Employees’ Provident Fund Organisation trustees had approved 8.65 per cent rate on EPF in December last year.

(Agencies)

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