October 25, 2026 01:31 pm (IST)
Follow us:
Interest on EPF deposits slashed by 0.15 pc
New Delhi, Dec 19 (IBNS) : Contrary to speculations, the provident fund body - the Employees Provident Fund Organisation ( EPFO) on Monday lowered the interest on EPF deposits by 0.15 per cent , reports said.
The rate has been reduced to 8.65 per cent from 8.8 per cent.
The decision is likely to impact over four crore employees who contribute part of their salary towards the provident fund kitty.
Experts had expected EPFO to retain the status quo maintaining the present interest rate for the current fiscal year.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Tech Mahindra partners with SpaceXSI to accelerate AI-powered software development for global enterprises
Fri, Oct 23 2026
Understanding the Process of Pledging Mutual Fund Units
Fri, Oct 23 2026
Onion prices set to get relief? Centre sends 440 tonnes to Tripura ahead of festive season
Fri, Oct 16 2026