EPF interest rate likely to hit 5-year low at 8.55%; here’s what you should do now The government is likely to notify this week the 5-year low 8.55% interest on EPF for 2017-18 as against the interest rate of 8.65% for 2016-17. Now what should you do? Lots of salaried persons seem worried in the wake of the EPF interest rate likely to hit the 5-year low and are wondering what to do in the current situation. Bad news for salaried people, particularly those who still depend on their EPF corpus for retirement. For, the government is likely to notify this week the 5-year low 8.55% interest on EPF for 2017-18 as against the interest rate of 8.65% for 2016-17, according to a report by PTI. It may be noted that the rate of interest of 8.55% on EPF for the last fiscal was ratified by the finance ministry. The Central Board of Trustees (CBT), the apex decision making body of the Employees’ Provident Fund Organisation (EPFO), headed by the labour minister, had decide...
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