Retirement fund body Employees' Provident Fund Organisation (EPFO) has increased the PF interest rate to 8.8 per cent for 2015-16 financial year.
Sources said, the EPFO has decided to hike the interest rate after it was approved by the Union Labour Minister Bandaru Dattatreya in the recently held meeting.
The existing interest is 8.75 per cent and it was increased by 0.05 %.
It was learnt that EPFO Finance Audit and Investment committee (FAIC) had early recommended 8.95 percent interest...
Provident Fund interest rate hiked to 8.8% for 2015-16 financial year
Sources said, the EPFO has decided to hike the interest rate after it was approved by the Union Labour Minister Bandaru Dattatreya in the recently held meeting.
The existing interest is 8.75 per cent and it was increased by 0.05 %.
It was learnt that EPFO Finance Audit and Investment committee (FAIC) had early recommended 8.95 percent interest...
Provident Fund interest rate hiked to 8.8% for 2015-16 financial year