Home English PF Interest Rate Decline to 8.55: Shock to subscribers!

PF Interest Rate Decline to 8.55: Shock to subscribers!

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Interest rates on Employees Provident Fund (EPF) of 2017-18 have been announced. The interest rate has been reduced from 8.65 per cent to 8.55 per cent, the subscriber said.The PF rate was fixed at 8.65 per cent in 2016-17 and the PF rate was 8.8 per cent in the previous quarter. However, interest rates have slowed down in the last three years, with the overall growth rate rising over the same period. Reduced by 0.25. 2,886 crore at the beginning of this month, with interest rates going up. He also sold his value to the exchange trade fund. However, the Employees Provident Fund Board (EPFO), which met on Wednesday, has unexpectedly cut down 0.10 percent interest rates. The interest rate reduction will hit around 5 crore EPF subscribers.

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