Search
EPF Interest Rate Hike Approved by Finance Ministry
April 29, 2019
An increment of the Employees Provident Fund (EPF) interest rate to 8.65% was approved by the finance ministry recently. The new rate will benefit over 60 million subscribers.
A labor ministry official said that the finance ministry has accepted the interest hike that was proposed by EPFO which has a retirement corpus of ₹11 trillion. This marks a 10 bps increase from the 8.55% rate that was announced by the retirement fund manager for FY18.
Photo credit: Dr. PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
Important Links:
- MBA from UK University: https://ask.careers/courses/mba-from-uk-university/
- Post Graduate Diploma in Banking & Finance: https://ask.careers/courses/post-graduate-diploma-in-banking-finance/
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- Ahmedabad: https://ask.careers/cities/ahmedabad/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
