News From Press EPF Subscribers Alert! EPFO hikes interest rate on PF; here is all you need to know

EPF Subscribers Alert! EPFO hikes interest rate on PF; here is all you need to know

Source: Financial Express Feb 22, 2019

Retirement fund body EPFO has announced an interest rate of 8.65 per cent on PF deposits for 2018-19, a PTI report said, citing sources. The rate of interest was 8.55 per cent for the FY 2017-18. The Employees’ Provident Fund Organisation (EPFO) manages its flagship scheme, Employees Provident Fund (EPF), as per the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

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