EPFO has lowered interest rate on provident fund deposits to a seven-y – InterviewSolution

InterviewSolution

1.	EPFO has lowered interest rate on provident fund deposits to a seven-year low of ____ for 2019-20?
Answer» The Board of Trustees of Employees' Provident Fund Organisation (EPFO) on March 5 fixed the interest rate on PF deposits for 2019-20 at 8.5%, a seven-year low. Over six crore subscribers will be impacted by the move, which would enable the retirement fund body to have a surplus of over Rs 700 crore.

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