PF deposits to fetch lower returns as EPFO cuts rates to 8.65% for 2016-17

New Delhi:- Retirement fund body Employees’ Provident Fund Organisation (EPFO) on Monday fixed 8.65 per cent  as the interest on EPF deposits for 2016-17. It is 0.15 per cent less than the last financial year’s 8.8 per cent. Earlier the Finance Ministry  decided to lower interest on provident fund deposits for 2015-16 to 8.7 per cent More...