• Home
  • 7th Pay Commission News
  • orop news
  • Dopt Orders
  • CGDA Orders
  • expected da

PAY NEWS

Latest Central Government Employees News - 7th Pay Commission News, Dearness Allowance, Pension News, DOPT Orders

You are here: Home / EPFO / EPFO Rate of Interest

EPFO Rate of Interest

EPFO Rate of Interest

The declared rate of interest on Employees” Provident Fund (EPF) paid to the subscribers during the last three years is as under:

Year Rate of Interest (in per cent.) Date on which Rate of Interest declared
2014-15 8.75 23.01.2015
2015-16 8.80 23.05.2016
2016-17 8.65 24.04.2017

The interest rate on EPF is determined by the Central Government in consultation with the Central Board. The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF), in its meeting held on 21.02.2018, has recommended 8.55 per cent. rate of interest to EPF subscribers for 2017-18. The proposal has now been sent to the Ministry of Finance for their concurrence to the interest rate of 8.55 per cent to the EPF subscribers for the year 2017-18.

Approximately 19,97,84,374 number of accounts of account holders are likely to be credited with the statutory rate of interest declared for the year 2017-18.

This information was given by the Minister of State for Labour and Employment Shri Santosh Kumar Gangwar in a written reply to a question in Lok Sabha on 19.3.2018.

Filed Under: EPFO March 19, 2018 By Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts

7 cpc option calculator

7 cpc option calculator

7 cpc option calculator

Recent Entries

Calculate your DA from July 2020

May 10, 2020

Comprehensive Transfer Policy – FREE from 5 years service condition – NFIR

November 13, 2019

Minutes of the 31st SCOVA meeting held under the chairmanship of Hon’ble MOS(PP) on 05.09.2019

November 13, 2019

Free Preventive Health Checkup for Central Government Retired employees aged 75 years and above under CGHS Scheme

September 9, 2019

Steps Taken to Streamline And Strengthen Pension Sanctioning And Payment System

July 22, 2019

Various Measures To Bring Transparency In Administration

July 22, 2019

Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

July 11, 2019

Increment for central government employees starts today, 7th CPC Increment

July 1, 2019

New Income Tax Rules; Defaulters Will Not Be Able To Get Away Just By Paying A Penalty

June 26, 2019

Are You Salaried Employee? Leave Encashment Is Taxable While In Service

June 26, 2019

Copyright © 2023 | Central Government Employees News | Paynews.in