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Provident Fund (PF) Interest rate increased to 8.8%

The Employees’ Provident Fund Organisation (EPFO) has increased the interest rate for provident funds for 2015-16 to 8.8% from 8.75%.

EPFO Finance Audit and Investment committee (FAIC) had early recommended 8.95 percent interest on PF deposits for the current fiscal. But it was decided to be remain at 8.8%.

Hindustan times article

IBN live Article

About Prateek Agarwal

I am Chartered Accountant by profession, practicing in Jaipur. I have interest in accounting and taxation field.

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