Govt decides to pay 8.75% interest on PF for 2014-15

Updated: Dec 19, 2014, 18:24 IST | PTI |

Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal

New Delhi: Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal.

The Finance Ministry has ratified the rate for 2014-15, after a decision was taken to retain the interest payout at this level by the Central Board of Trustees of the Employees' Provident Fund Organisation, sources said.

As per the practice, EPFO trustees' decision gets implemented after the concurrence of the Finance Ministry.

Following the ratification by the Finance Ministry, the decision would now be notified by the Labour Ministry as also by the Income Tax Department.

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
Loading...

Maharashtra Assembly Elections: Sachin Tendulkar, Deepika Padukone and others urge people to vote

NEXT STORY
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK