EPF interest rate hiked to 8.65% ahead of Elections 20193 min read . Updated: 21 Feb 2019, 11:32 PM IST
- The EPF interest rate hike is seen as a sop for the salaried middle class ahead of general elections in April-May
- The EPF rate hike will leave the EPFO with a surplus of ₹151 crore in 2018-19, compared to ₹586 crore in 2017-18
NEW DELHI : New Delhi: The Employees’ Provident Fund Organisation (EPFO), the retirement fund manager under the union labour ministry, raised on Thursday interest rate on deposits for its 60 million subscribers to 8.65% for 2018-19, paring its reserves to the lowest level in three years.
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