Employees' Provident Fund (EPF) Interest Rate Raised To 8.65% For 2018-19

"The Labour Ministry has notified 8.65 per cent rate of interest on employees' provident fund (EPF). This rate of interest is 10 basis points higher than 8.55 per cent provided in 2017-18," Mr Gangwar said. This rate of interest (8.65 per cent) was approved by the EPFO's apex decision making body Central Board of Trustees on February 22, 2019. "We received concurrence of the Finance Ministry on September 19, 2019. Thereafter, Lab...