Labour ministry notifies intertest rate on EFP for 2018/19
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Union minister Santosh Gangwar said that the labour ministry has notified 8.65% interest rate on the employee's provident fund for 2018/19, which will be credited to the accounts of more than 6 crore subscribers of retirement fund body EPFO. It is reported that the government had approved the 8.65% rate of interest on EPF for 2018/2019 fiscal year. The rate of interest is 10 bases higher than 2017/18.