EPFO lowers interest rate on EPF to 8.65 percent for FY17

Employee’s Provident Fund Organization EPFO decided to lower the interest on EPF deposits for the current fiscal to 8.65%, from 8.8% provided in 2015-16, for its over four crore subscribers. The Employees Provident Fund Organisation’s apex decision-making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate to 8.65 percent for the current fiscal 2016-2017 from 8.8 in 2015-16.
Source-The Hindu
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