InvestorQ : I heard something related to EPFO retaining interest rates. What interest rates are these?
divya Sing made post

I heard something related to EPFO retaining interest rates. What interest rates are these?

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1 year ago
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This interest rate is the interest paid by the EPFO to employees who have subscribed to the government’s Provident Fund.

The EPFO regularly revises interest rates on the employees' provident fund. It is being said that the EPFO may retain the current interest rate, at 8.55 per cent rate for the 2018-19 fiscal, for its 60 million subscribers. This news comes on the back of the RBI cutting interest rates owning to low inflationary pressure.

However, this is just speculation and information garnered from sources, because the decision will be taken in the meeting on February 21.

Sources have said, "The interest rate would be retained at 8.55 per cent for the current fiscal, as provided in 2017-18, in view of the forthcoming Lok Sabha elections. The EPFO's income projections for the current fiscal would be tabled at the meeting."

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