Govt approves 8.7% interest on EPF for 2015-16
The government has approved an interest rate of 8.7% on the Employee Provident Fund (EPF) for 2015-16 from 8.75% in 2014-15, Labour Minister Bandaru Dattatreya said on Monday. Earlier, the interest rate on Public Provident Fund was reduced to 8.1% from 8.7% while that on the National Savings Certificate was lowered to 8.1% from 8.5%, both starting April 1, 2016. 