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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.

 
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