PF Interest Rate FY 2016-17 at 8.65%: Govt Ratifies Rate Recommended by CBT (EPFO)

PF Interest Rate FY 2016-17 (and FY 2015-16)

A. PF Interest Rate FY 2016-17 at 8.65%: MoF ratifies rate recommended by CBT

Based on ROI, the Central Board of Trustees (CBT) of EPFO recommended PF Interest Rate for FY 2016-17 at 8.65% on 19 Dec. 2016. Subsequently, the Govt. (Ministry of Finance) has ratified the same. Accordingly, Notification for rate of interest has been issued by EPFO, as under:

EPFO Circular dt 27 Apr 2017 reg. Declaration of PF Interest Rate FY 2016-17

It may be noted that above rate is applicable for FY 2016-17 only. The process for determination of PF Interest Rate for FY 2017-18 is yet to commence.

B. PF Interest Rate for FY 2015-16 @ 8.8%

PF Interest Rate for the FY 2015-16 has been notified at 8.8% as recommended by the CBT of EPFO, as under:

EPFO Circular dt 25 May 2016 reg. Declaration of PF Interest Rate FY 2015-16

It may be noted that EPFO credits interest on PF Accumulations of Members. Interest Rate is determined each year by the Central Government based on recommendations of EPFO. The CBT of EPFO recommends PF Interest Rate based on ROI as per the investment pattern prescribed by Govt.

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