Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 5519)

2020-03-07 National

5519.

EPFO has lowered interest rate on provident fund deposits to a seven-year low of ____ for 2019-20?

6.8%

7.3%

8.5%

9.1%

Answer: Option

Explanation:

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.