Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 per cent interest on their deposits for 2018-19. The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal in February this year. The proposal was sent for the concurrence of the finance ministry.
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Watch Over 6 crore EPFO members will get 8.65% interest for 2018-19: Labour minister Gangwar With HD Quality.
Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 per cent interest on their deposits for 2018-19. The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal in February this year. The proposal was sent for the concurrence of the finance ministry.
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Watch Over 6 crore EPFO members will get 8.65% interest for 2018-19: Labour minister Gangwar With HD Quality
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Speaking at 'Private Security Industry Conclave (PSIC) 2019 - Creating Jobs, Securing New India', organised by FICCI, Mr Santosh Kumar Gangwar, Minister of State (Independent Charge) for Labour and Employment, Government of India said the private security industry plays a major role in creating jobs in the country and the guards who put in a lot of hard work deserve a decent and timely wage to sustain themselves.Watch Wages of guards to be brought under national minimum wage: Labour Minister Santosh Kumar Gangwar With HD Quality
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EPFO interest rates to be raised to 8 6% News video
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EPFO hikes interest rate on PF deposits for 2018-19
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Members of Employees’ Provident Funds Scheme can now avail one more non-refundable advance from their EPF deposits. In order to support its subscribers during the second wave of COVID-19 pandemic, the retirement fund body on Monday (May 31, 2021) allowed its members to avail second non-refundable COVID-19 advance, the government said in a notification.
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