Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1090)
1090.
Government has approved __________ interest rate on deposits in Employees Provident Fund for 2018-19.
Answer: Option
Explanation:
Government has approved 8.65% interest rate on deposits in Employees Provident Fund for 2018-19. Ministry of Labour and Employment has notified 8.65% rate of interest on EPF deposits for its over six crore subscribers. The EPFO has been settling EPF withdrawal claims at 8.55% interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65% for 2018-19.
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