9354924722 9121230280

Newsletter

Provident Fund

EPFO Slashed Interest Rate on Provident Fund Deposits to 8.5%

The Employee’s Provident Fund Organisation (EPFO) slashed the interest rate on Provident Fund Deposits to a seven-year low of 8.5% for the current financial year (2019-2020). The EPF interest rate was 8.65 per cent in 2018-19.  The new rate introduced by EPFO marked a cut of 15 basis points from the interest rate of 8.65% paid on EPF deposits in FY 2018-19. This reduction in the interest rate is likely to impact the earnings of around 60 million active subscribers of the Provident Fund scheme.

Download Newsletter

EPFO Slashed Interest Rate on Provident Fund Deposits to 8.5%

Transform your Business. Subscribe our Newsletter.