865 interest on EPF to be notified soon Gangwar

first_imgNew Delhi: The Labour ministry will soon notify 8.65 per cent rate of interest on Employees’ Provident Fund (EPF) for 2018-19 as the Finance ministry does not disagree on this rate, said Labour Minister Santosh Gangwar on Friday. A notification by the Labour ministry is required regarding the interest rate for crediting the interest amount into accounts of over 6 crore subscribers. Besides, it would enable retirement fund body Employees’ Provident Fund Organisation (EPFO) to settle on withdrawal claims on this rate.last_img

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