Govt raises EPF in­ter­est rate back to 8.8% for 2015-16

The Financial Express - - FRONT PAGE -

THE gov­ern­ment on Fri­day raised the in­ter­est rate on em­ploy­ees’ prov­i­dent fund (EPF) con­tri­bu­tions to 8.8% for 2015-16 against 8.7% ap­proved by the fi­nance min­istry last week, re­ports PTI. This was an­nounced on a day em­ployee unions had called for na­tion­wide protests against fix­ing in­ter­est rates lower than the 8.8% de­cided by EPFO and the 8.75% paid in the pre­vi­ous fis­cal.

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