EPFO had approved an interest rate of 8.65% for 2018-19
This is higher than 8.55% interest rate fixed for 2017-18
Employees' Provident Fund Organisation or EPFO is likely to soon credit interest into accounts of its 6 crore subscribers for 2018-19. Labour Minister Santosh Gangwar today said that over 6 crore EPFO members will get 8.65% interest for 2018-19, according to Press Trust of India. Last month, the labour minister had said that the labour ministry will soon notify 8.65% rate of interest on Employees' Provident Fund (EPF) for 2018-19 as the finance ministry does not disagree on this rate.