The Employee’s Provident Fund Organisation (EPFO) delivered three important decisions on Thursday that will impact the pockets its four crore subscribers.
Moneycontrol takes a look at these important developments for organised sector workers:
Labour Minister says EPF for FY17 at 8.65 percent
While the Finance Ministry was mulling bringing down the EPF interest rate lower to 8.6 percent, trade unions were dismal regarding the same. However, on Thursday, Labour Minister Bandaru Dattatreya said EPFO subscribers will get 8.65 percent interest on provident fund deposits for 2016-17, as decided by the organisation's trustees in December.
