EPFO notifies Provident Fund interest rate of 8.55% for 2017-18; big loss for subscribers
Retirement fund body has asked its field offices to credit Provident Fund interest rate of 8.55 per cent for 2017-18, the lowest rate subscribers will get since 2012-13 fiscal. These PF accounts number around 5 crore .
The labour ministry had sought Election Commission's approval to notify rate of interest for crediting the same into members' accounts by the EPFO in view of model code of conduct for Karnataka elections. Image source: PTI