NIFTY 50

EPFO cuts interest rate on deposits to 7-year low of 8.5% for 2019-20

Updated : March 05, 2020 11:02 PM IST

Retirement fund body EPFO on Thursday lowered the interest rate on provident fund deposits by 0.15 percentage point to a seven-year low of 8.5 percent for the current financial year.

The Employees' Provident Fund Organisation (EPFO) had provided 8.65 percent rate of interest on EPF for 2018-19 to its around six crore subscribers.

cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you