EPFO hikes interest rate on provident fund to 8.65% from 8.55%

Employees’ Provident Fund Organisation, EPFO has decided to provide 8.65 per cent interest on Provident Fund deposits for 2018-19 against 8.55 per cent in the last year.

Labour Minister Santosh Gangwar today said in New Delhi that all members of the Central Board of Trustees of EPFO have agreed to give a higher interest for subscribers for the current fiscal.

The proposal will now go to the Finance Ministry for approval.
The Central Board of Trustees (CBT) headed by Labour Minister is the apex decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year.