PF interest rate hiked to 8.8% for 2015-16
Employees' Provident Fund Organisation (EPFO) today announced an increase in interest rate on Provident Fund (PF) deposits for 2015-16 to 8.80% from 8.75% in the previous two fiscals. The EPFO had estimated ₹34,844 crore as its income meant for distribution of interest to its subscribers for 2015-16. However, the organisation had earlier recommended an 8.95% interest rate.