INSUBCONTINENT EXCLUSIVE:
Currently, the EPFO has been settling PF withdrawal claims at 8.55% interest rate, approved for 2017-18.
The government has approved 8.65 per cent interest rate on employees' provident fund (EPF) for 2018-19, reported news agency Press Trust
of India (PTI) quoting a source
The interest amount will now be credited into the accounts of over 6 crore subscribers of retirement fund body Employees' Provident Fund
Organization (EPFO), the report added
In an EPF account, the employee contributes 12 per cent of the salary whereas an equal amount is contributed by the employer, according to
the EPF website - epfindia.gov.in
