EPFO Rate of Interest for Members Account for the year 2017-18 is 8.55% | Labour Law News

EPFO Rate of Interest for Members Account for the year 2017-18 is 8.55%

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Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2017-18

EPFO Rate of Interest for Members Account for the year 2017-18 is 8.55%

EPFO issued circular vide No.Invest.I/CBT Agenda/ROI/2017-18/4153 dated 25th May 2018 regarding Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2017-18 and details as follows.

The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme,1952 to credit interest © 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme,1952.

You are accordingly, requested to issue necessary instructions to all concerned for crediting the said interest to the members’ accounts.

(Authority:-Ministry of Labour and Employment letter No.R-11018/1/2017.SS-II dated le May, 2018)

To download detail notification click below

government_notifies_855_interest_on_pf_for_2017-18_lowest_in_5_years.pdf (35 downloads)

Source: EPFO

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