CENTRAL GOVERNMENT EMPLOYEES NEWS

EPFO Rate of Interest

March 19, 2018

EPFO Rate of Interest

The declared rate of interest on Employees” Provident Fund (EPF) paid to the subscribers during the last three years is as under:

Year
Rate of Interest (in per cent.)
Date on which Rate of Interest declared
2014-15
8.75
23.01.2015
2015-16
8.80
23.05.2016
2016-17
8.65
24.04.2017

The interest rate on EPF is determined by the Central Government in consultation with the Central Board. The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF), in its meeting held on 21.02.2018, has recommended 8.55 per cent. rate of interest to EPF subscribers for 2017-18. The proposal has now been sent to the Ministry of Finance for their concurrence to the interest rate of 8.55 per cent to the EPF subscribers for the year 2017-18.

Approximately 19,97,84,374 number of accounts of account holders are likely to be credited with the statutory rate of interest declared for the year 2017-18.

This information was given by the Minister of State for Labour and Employment Shri Santosh Kumar Gangwar in a written reply to a question in Lok Sabha on 19.3.2018.

Related posts:

  1. GPF interest rate is presently fixed at par with that of PPF interest rate
  2. GPF – Provident Fund Interest Rate – Orders issued by TN Govt
  3. Interest Rate of General Provident Fund w.e.f. 1.1.2017 – Finmin Orders
  4. General Provident Fund Interest rate for July to Sept 2017
  5. General Provident Fund Interest Rate for 1st April to 30th June 2017 – Finmin Orders
  6. GPF Interest Rate from Jan 2018 to Mar 2018 – DEA Orders

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

3rd PRC with 15% fitment for Executives in BSNL

February 19, 2019 By admin Leave a Comment

BSNL Strike: Government assures to support their reasonable demands 3rd PRC with 15% fitment for Executives in BSNL Main demands of AUAB include … [Read More...]

BSNL Nationwide three days strike from 18th February 2019

February 18, 2019 By admin Leave a Comment

BSNL 3 Days Strike – Confederation Extends Solidarity & Support Confederation extends solidarity & support to BSNL Nationwide three days s … [Read More...]

7th CPC Railway Accounts Examination Allowance – AIRF

February 18, 2019 By admin Leave a Comment

7th CPC Railway Accounts Examination Allowance – AIRF Implementation of recommendations of 7th CPC accepted by the Government – Qualification Pay ren … [Read More...]

Dearness Allowance for workmen and officer employees in banks

February 18, 2019 By admin Leave a Comment

Latest DA Table for Bank Employees Dearness Allowance for workmen and officer employees in banks Payable for Months, Average AICPIN, Slabs, % of Pay … [Read More...]

Number of incidents of fratricide cases in the armed forces

February 18, 2019 By admin Leave a Comment

Number of Incidents of Suicide and Fatricide Cases in the Armed Forces Ministry of Defence Suicide Cases in Defence The details of number of incidents … [Read More...]

Quick Links

7th pay commission

7th CPC Defence News

Central Govt Employees News

7th CPC Pension News

Expected DA

Retirement Age

Copyright © 2019 - www.90paisa.in - Central Government Employees and Pensioners News