New Delhi: Labour Minister Bandaru Dattatreya today said 8.65 per cent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and there is no difference of opinion on the issue.
“The Labour Ministry and the Finance Ministry (view) is the same. There is no difference on 8.65 per cent rate of interest on EPF. It is in the process and I will pursue it personally,” Dattatreya told PTI.
EPFO’s apex body, Central Board of Trustees (CBT) headed by Mr Dattatreya had, approved 8.65 per cent rate of interest on EPF deposits for current fiscal on December 19 – lowest in four years.
The Employees’ Provident Fund Organisation had provided 8.8 per cent rate of interest for 2015-16 to its 4 crore contributing subscribers. It maintained 8.75 per cent for 2013-14 and 2014-15 while it was 8.5 per cent in 2012-13. EPFO will…