INSUBCONTINENT EXCLUSIVE:
The EPFO had provided 8.65% interest for 2016-17.New Delhi: Retirement fund body has asked its field offices to credit 8.55 per cent rate of
interest for 2017-18, the lowest rate since 2012-13 fiscal, into the PF accounts of around 5 crore subscribers
The Labour Ministry has conveyed approval of the central government to credit 8.55 per cent rate of interest for 2017-18 into PF accounts of
of interest on EPF (Employees' Provident Fund) for the last fiscal
But it could not be implemented because of model code of conduct for Karnataka elections
The labour ministry had sought Election Commission's approval to notify rate of interest for crediting the same into members' accounts by
had decided to fix rate of interest at 8.55 per cent for the last fiscal in its meeting held on February 21, 2018
could not be implemented for want of the finance ministry's concurrence and was further delayed due to model code of conduct for Karnataka
The members got 8.8 per cent in 2015-16 and 8.75 per cent each in 2014-15 and 2013-14
In 2012-13, EPFO had provided 8.5 per cent rate of interest on EPF
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