In March this year, the EPFO declared that it will offer an interest rate of 8.1 per cent, the lowest in the last 40 years, for the last financial year.
Get latest articles and stories on India at LatestLY. Kerala Labour Minister V Sivankutty on Sunday asked the central government to maintain the interest rate on employees provident fund (EPF) deposits at 8.5 per cent and not to slash it to 8.1 per cent as recommended by the Central Board of Trustees (CBT). India News | Kerala Labour Minister Asks Centre to Maintain EPF Interest Rate at 8.5 Per Cent.
The decision was taken at the 229th meeting of the EPFO’s top decision-making body, the Central Board of Trustees (CBT), headed by Union Labour Minister Bhupender Yadav.