Categories: National

EPFO slashes interest rate on deposits to 8.5% for 2019-20

Employees’ Provident Fund Organization (EPFO), the retirement fund body has lowered the interest rate from 8.65% to 8.50% on provident fund deposits for the financial year 2019-20. The announcement of the reduced interest rate was made by Labour Minister Santosh Gangwar. The decision was taken during the meeting of the EPFO apex decision making body-the Central Board of Trustee, held in New Delhi.

Find more National News Here

Recent Posts

National Forensic Infrastructure Enhancement Scheme (NFIES): Objectives, Components and Latest Updates

With rising crime complexity and new legal mandates requiring forensic evidence, India is strengthening its…

7 mins ago

Fiscal Policy in India: Objectives, Instruments, Types and Role in Governance

Fiscal Policy is one of the most influential pillars of India’s economic strategy. It determines…

20 mins ago

Which is the Coldest Place on the Earth? Check the Name and Significance

The Earth has many amazing and unusual places, and some of them experience temperatures that…

21 mins ago

Billionaire Wealth Transfer Enters Historic Phase

In a striking reflection of a shifting global wealth landscape, the UBS Billionaire Ambitions Report…

26 mins ago

Sunil Narine Makes T20 History With 600‑Wicket Milestone

In a landmark moment for cricket, Sunil Narine has become the first player in the…

26 mins ago

S-500 Missile System: Features, Range, Speed, Comparison and India’s Interest

Russia’s S-500 Missile System, officially known as 55R6M “Triumfator-M” or Prometey, is shaping the future…

52 mins ago