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2020-03-30
Aayush
10226
EPFO cuts rate on PF deposits to 8.5% for year 2019-20
Salaried employees will get 0.15% less interest on provident fund deposits for the financial year 2019-2020. Employees’ Provident Fund Organisation decided to reduce the interest rate from 8.65% to 8.5%
Following are the rate of interest EPFO had provided to their members for last few years;
1) 8.65% rate of interest to its members in year 2018-19,
2) 8.55% rate of interest to its members in year 2017-18,
3) 8.65% rate of interest to its members in year 2016-17,
4) The rate of interest was slightly higher at 8.8% in 2015-16,
5) 8.75% rate of interest in 2013-14 as well as 2014-15,
6) 8.5% for year 2012-13