Diabytes
Interest rate on PF deposits News
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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.
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Since today's announcement is an interim one, CBT will meet again later to discuss the possibility of any further increase in interest rates.
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Retirement fund body EPFO is likely to fix higher interest on PF deposits for 2015-16 than 8.75 percent provided in last two fiscals, in the retirement fund body's trustees' meeting in January, Labour Minister Bandaru Dattatreya said Wednesday.
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The income projections for the current fiscal suggest that the retirement fund body EPFO can pay rate of interest which is slightly higher than 8.75 percent provided in 2013-14 and 2014-15.
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