Good news for salried class, interest rate on EPF hiked to 8.65% from 8.55%
ABP News Bureau
Updated at:
21 Feb 2019 04:57 PM (IST)
Download ABP Live App and Watch All Latest Videos
View In App
Interest rate on employees' provident fund hiked to 8.65% Employees' Provident Fund Organisation has hiked interest rate on employees' provident fund to 8.65% from 8.55% for the 2018-19 fiscal year.
The move, experts said, is in line with a slew of populist announcements made by the Narendra Modi government ahead of the Lok Sabha elections. There have been demands that the pension amount for subscribers be increased after the government, in its Interim Budget, announced a Rs 3,000 a month pension for workers in the so-called informal sector.
The move, experts said, is in line with a slew of populist announcements made by the Narendra Modi government ahead of the Lok Sabha elections. There have been demands that the pension amount for subscribers be increased after the government, in its Interim Budget, announced a Rs 3,000 a month pension for workers in the so-called informal sector.