Saturday, February 29, 2020

Labour ministry keen to retain 8.65% interest rate on EPF deposits for 2019-20

Speculations are rife that the interest rate on EPF may be lowered to 8.5% for the current fiscal, a tad lower than 8.65% provided for 2018-19. As per sources, the agenda for the CBT meeting has not yet been finalised and it is difficult to predict EPFO's income projections for the current fiscal, which will be the basis for fixing the rate.

from Economy-News-Economic Times https://ift.tt/2VBj7oy
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