(Chennai,TN) Employees PF Interest Rate Hike 0.05% to 8.8%
The employees’ provident fund will earn a higher interest rate of 8.8 per cent for 2015-16, marginally up from the existing 8.75 per cent.
There has been demand to hike the PF interest rate to 8.90 per cent.
Union Labour Minister Bandaru Dattatreya said the hike is an ‘interim one’ and indicated that it could be further revised later.
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