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Interest rate on employee provident fund reduced to 8.50% from 8.65%

| Published: Thursday, March 5, 2020, 13:40 [IST]

New Delhi, Mar 05: The rate of interest on the employees' provident fund has been reduced from 8.65% for 2018-19 to 8.5% for 2019-20.

This is lower than the 8.65% interest rate given on employees' provident fund (EPF) deposits for the previous financial year 2018-19.

Interest rate on employee provident fund reduced to 8.50% from 8.65%

The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

Date of EPFO SSA Mains Result 2019 and link to download Date of EPFO SSA Mains Result 2019 and link to download

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting.