Union Government Notifies 8.55% Interest On PF For 2017-18

Posted on:26 May 2018 12:53:36
Union Government Notifies 8.55% Interest On PF For 2017-18
26 May 2018 Current Affairs: Employees’ Provident Fund Organisation (EPFO) asked its field offices to credit 8.55% rate of interest for 2017-18 into the Provident Fund accounts of around 5 crore subscribers.

According to an order issued by the EPFO, the Labour Ministry conveyed approval to credit 8.55% rate of interest for last fiscal.

The finance ministry had ratified 8.55%rate of interest on EPF for the last fiscal, but it could not be implemented because of model code of conduct for Karnataka elections.
Employees’ Provident Fund Organisation (EPFO) asked its field offices to credit 8.55% rate of interest for 2017-18 into the Provident Fund accounts of around 5 crore subscribers.

According to an order issued by the EPFO, the Labour Ministry conveyed approval to credit 8.55% rate of interest for last fiscal.

The finance ministry had ratified 8.55%rate of interest on EPF for the last fiscal, but it could not be implemented because of model code of conduct for Karnataka elections.

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