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EPF Interest rate News

04 Jun 2022

EPF interest rate at 40-year low! Should you opt out of EPF? Check benefits

Employees are allowed to opt out of the EPF (Provident Fund) scheme only if they meet certain criteria. However, such individuals will miss out on a slew of benefits offered by the EPFO.

05 Mar 2020

EPFO lowers interest rate on Employee Provident Fund to 8.50% for 2019-20

Gangwar said that the EPFO will have a surplus of over Rs 700 crore on providing 8.5 per cent rate of interest on EPF for this fiscal.

06 Jul 2017

EPFO likely to announce PF rate for FY18 next month

Retirement fund body EPFO is likely to announce the interest rate on PF deposits for this fiscal at its trustee meeting slated for next month.

Bandaru Dattatreya

20 Apr 2017

Finance Ministry approves 8.65% interest rate on EPF for 2016-17

The Employees' Provident Fund Organisation trustees had approved 8.65 percent rate on EPF in December last year.

Employees Provident Fund Organisation

11 Sep 2016

Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.

27 Apr 2016

Finance Ministry defends lower interest rate on EPF, cites lack of funds

Employee unions have called a nationwide protest on April 29, against the Finance Ministry's move to fix EPF interest rate at 8.7 percent for 2015-16, lower than 8.8 percent sought by Employee Provident Fund Organisation (EPFO) and 8.75 paid for the previous fiscal.

27 Apr 2016

Will give 'all justifications' for 8.8% EPF interest rate: Dattatreya

Labour Minister Bandaru Dattatreya on Wednesday assured the RSS-backed trade union BMS that his ministry is pressing upon the Finance Ministry with "all justifications" to uphold 8.8 percent interest rate decided by the EPFO.

Finance Ministry

25 Apr 2016

Finance Ministry approves 8.7% interest on PF deposits for 2015-16

This is probably the first time that the Finance Ministry has not given concurrence to the rate of interest on EPF as decided by CBT, which is headed by the labour minister.

Finance Ministry

25 Apr 2016

Finance Ministry approves 8.7% interest on EPF deposits for 2015-16

The Finance Ministry on Monday approved 8.7 percent interest on Employees' Provident Fund (EPF) deposits for 2015-16, labour minister Bandaru Dattatreya said.

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