INSUBCONTINENT EXCLUSIVE:
The EPFO had provided a five-year low rate of interest of 8.55 per cent to its subscribers for 2017-18.Retirement fund body EPFO or
Employees' Provident Fund Organisation has increased the interest rate on employees' provident fund (EPF) to 8.65 per cent for the current
financial year (2018-19), news agency Press Trust of India quoted Labour Minister Santosh Gangwar as saying in a report
(: Want To Check Employee Provident Fund Balance Online: Here Are 3 Easy Steps)All members of the Central Board of Trustees (CBT) of the
proposal would go to the Ministry of Finance for approval, he said after meeting of Central Board of Trustees.Headed by the labour minister,
the Central Board of Trustees (CBT) is the apex decision-making body of the EPFO, which finalises the interest rate applicable to provident
fund (PF) deposits.: EPFO Members Can Now Withdraw 75 Percent Of PF Balance After 30 Days Of UnemploymentOnce the Central Board of Trustees
approval is in place, the proposal is sent to the finance ministry
It is after the clearance of the Ministry of Finance that the interest as per the approved rate is credited into the subscribers'
accounts.For financial year 2017-18, the retirement fund body had kept the interest rate steady at 8.55 per cent - the lowest interest rate
It had provided interest at the rate of 8.8 per cent to the subscribers for financial year 2015-16.: EPFO Revises Rules For Submission Of PF
Withdrawal ClaimThe interest rate stood at 8.75 per cent for financial years 2013-14 and 2014-15, and 8.5 per cent for 2012-13.(With agency
