Labour Ministry notifies 8.65% interest rate on EPF for 2018-19

The EPFO has been settling EPF withdrawal claims at 8.55 percent interest rate, approved for 2017-18. Now, the EPFO will settle accounts at a higher rate of 8.65 percent for 2018-19.

Union Minister Santosh Gangwar informed that this decision would pave the way for crediting Rs 54,000 crore as 8.65 percent interest for 2018-19, into the accounts of more than 6 crore EPFO subscribers.