Search
EPF deposits may get 8.65 per cent returns in 2017-18 too
May 09, 2017
- Deposits on employees’ provident fund may continue to fetch 8.65% returns for the second year in a row in 2017-18 fiscal, Labor Minister Bandaru Dattatreya told FE. “It is very difficult to speak on the interest rate for the current fiscal.
- But I hope the 8.65% rate could be maintained,” Dattatreya, who’s also the head of Central Board of Trustees (CBT), the highest decision-making body of the Employees’ Provident Fund Organisation (EPFO), said.
- At 8.65%, returns on savings on EPF is its lowest in four years. However, it still remains the most attractive fixed-income investment option
