EPF interest rate at 40-year low! Should you opt out of EPF? Check benefits, disadvantages
Employees are allowed to opt out of the EPF (Provident Fund) scheme only if they meet certain criteria. However, such individuals will miss out on a slew of benefits offered by the EPFO.
Jun 04, 2022, 12:28 PM IST
EPFO lowers interest rate on Employee Provident Fund to 8.50% for 2019-20
Gangwar said that the EPFO will have a surplus of over Rs 700 crore on providing 8.5 per cent rate of interest on EPF for this fiscal.
Mar 05, 2020, 14:01 PM IST
EPFO likely to announce PF rate for FY18 next month
Retirement fund body EPFO is likely to announce the interest rate on PF deposits for this fiscal at its trustee meeting slated for next month.
Jul 06, 2017, 15:48 PM IST
Finance Ministry approves 8.65% interest rate on EPF for 2016-17
The Employees' Provident Fund Organisation trustees had approved 8.65 percent rate on EPF in December last year.
Apr 20, 2017, 13:53 PM IST
Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16
Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.
Sep 11, 2016, 10:42 AM IST
Finance Ministry defends lower interest rate on EPF, cites lack of funds
Employee unions have called a nationwide protest on April 29, against the Finance Ministry's move to fix EPF interest rate at 8.7 percent for 2015-16, lower than 8.8 percent sought by Employee Provident Fund Organisation (EPFO) and 8.75 paid for the previous fiscal.
Apr 27, 2016, 20:16 PM IST
Will give 'all justifications' for 8.8% EPF interest rate: Dattatreya
Labour Minister Bandaru Dattatreya on Wednesday assured the RSS-backed trade union BMS that his ministry is pressing upon the Finance Ministry with "all justifications" to uphold 8.8 percent interest rate decided by the EPFO.
Apr 27, 2016, 19:50 PM IST
Finance Ministry approves 8.7% interest on PF deposits for 2015-16
This is probably the first time that the Finance Ministry has not given concurrence to the rate of interest on EPF as decided by CBT, which is headed by the labour minister.
Apr 25, 2016, 16:23 PM IST
Finance Ministry approves 8.7% interest on EPF deposits for 2015-16
The Finance Ministry on Monday approved 8.7 percent interest on Employees' Provident Fund (EPF) deposits for 2015-16, labour minister Bandaru Dattatreya said.
Apr 25, 2016, 15:01 PM IST
