PF Interest Rate for FY 2017-18 Notified/ Approved by EPFO/ Govt.
A. 8.55% PF Interest Rate for FY 2017-18 Notified/ Approved by EPFO/ Govt.
The EPFO has notified PF Interest Rate for the Financial Year 2017-18 at the rate of 8.55%, in line with approval of the Ministry of Labour & Employment, Govt. of India, for crediting interest in the account of respective PF members. It may be noted that Govt. concurrence/ vetting was held up due to Karnataka Elections/ Model Code of Conduct.
Earlier, on 21st Feb. 2018, the Central Board of Trustees (CBT) of EPFO had recommended PF Interest Rate of 8.55% for FY 2017-18 (as compared to 8.65% for FY 2016-17).
The CBT of EPFO recommends PF Interest Rate based on ROI as per the investment pattern prescribed by Govt. and the final decision is taken is taken by the Central Govt. after which the interest is credited to respective member’s account. In other words, the PF Interest Rate is determined each year by the Central Government, based on recommendations of EPFO.
B. PF Interest Rate @ 8.65% for FY 2016-17
PF Interest Rate for the FY 2016-17 has been notified at 8.65% as recommended by the CBT of EPFO, as under:
C. PF Interest Rate @ 8.80% for FY 2015-16
PF Interest Rate for the FY 2015-16 has been notified at 8.8% as recommended by the CBT of EPFO, as under: