April 11, 2026 01:06 am (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
Nissan Motor India marks major network expansion with 54 new customer touchpoints in Q1 of CY 2026
Fri, Apr 10 2026
Groww shares climb 5%, extend rally for third session
Fri, Apr 10 2026
From Oracle layoffs in the US to an India comeback: Couple’s emotional story goes viral
Fri, Apr 10 2026
South Asia remains fastest-growing region; India continues as growth engine: World Bank
Thu, Apr 09 2026
AI impact: Dell cuts 11,000 jobs in strategic workforce trim
Thu, Apr 09 2026
TCS gains ahead of Q4 earnings; street eyes growth signals
Thu, Apr 09 2026
Meesho shares soar 14% — stock now 55% above IPO price!
Thu, Apr 09 2026