Diabytes
PF rate 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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Facing strong protest from the trade unions over reduction in EPF interest rate, Labour Minister Bandaru Dattatreya said on Thursday that he will discuss the issue with Finance Minister Arun Jaitley.
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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.
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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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