EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%

[Informalisation and Labour Rights - Related News]

Keeping in line with falling interest rates, organised sector workers will earn 8.65% on their provident fund savings this year. This follows a decision by the apex decision-making body of the Employees Provident Fund Organisation (EPFO) to reduce interest rate on provident fund deposits to 8.65% for 2016-17 from the current 8.8%.