Finance Ministry Ratifies 8.65% Interest Rate On EPF, Says Labour Minister

New Delhi: Labour Minister Bandaru Dattatreya on Thursday said the Finance Ministry has approved an interest rate of 8.65 per cent on Employees Provident Fund or EPF for 2016-17. The ratification of the 8.65 per cent on EPF will enable the retirement fund body EPFO (Employees' Provident Fund Organisation) to credit this rate of return into the accounts of four crore subscribers. "Finance Ministry has agreed to 8.65 per cent rate of i...