Epf Interest Rate 2017

During the last decade the highest dividend rate offered by the epf was in 2017 6 9 followed by 2014 at 6 75.

Epf interest rate 2017. As per the schedule government announced the interest rate applicable to all post office savings schemes from 1st october 2017 to 31st december 2017. This is the lowest in the last seven years. The employees provident fund organization epfo is going to announce the provident fund interest rate for its five crore subscribers for 2017 18 after a meeting of its central board of trustees. Read about the cpf interest rates for ordinary account special medisave and retirement account.

Epf interest rate for the year 2017 epf interest rate for the year 2017 nearly 15 crore people subscribed to employees provident fund scheme will earn interest at the rate of 8 65 per cent on their savings in 2016 17. Epf subscribers are not very happy with this decision. Retirement fund body employees provident fund organisation epfo has reduced interest rate on deposits to 8 55 percent for the financial year 2017 18 following a general decline in interest rates. The current ppf interest rate for the first quarter of the 2017 2018 financial year april june is 7 9.

Earlier the employee provident fund organization has contributed a 8 80 of interest on pf deposits. Year 2017 18 regarding. Sir 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. After achieving a 5 year high of 8 80 in 2015 16 the epf interest rate was cut to 8 65 for fy 2016 17.

This is a 0 1 decrease from the previous interest rate of 8 0 for the last quarter of 2016 2017. New provident fund interest rate 2017 will be 8 65 once central government approves this then nearly 17 crores epf subscribers accounts will be updated with this new pf interest rate of 8 65.