1. Home
  2.  |  
  3. Economy Current Affairs  |  

Union Finance Ministry approved 8.75 percent interest rate on PF deposits for 2014-15

Dec 20, 2014 12:01 IST

The Union Finance Ministry on 19 December 2014 approved 8.75 percent interest rate on Provident Fund (PF) deposits for the year 2014-15.

This rate of interest on PF deposits will now be notified by the Union Labour Ministry as well as by the Income Tax Department. The decision will be implemented from the date of notification.


The rate of interest on PF deposits for 2013-14 was 8.75 percent itself. On 26 August 2014, Employees' Provident Fund Organisation's Central Board of Trustees (CBT) had decided to retain the interest rate on PF deposits at 8.75 percent only for the 2014-15.

As per the practice, decision of the trustees of EPFO on interest rate is implemented after the concurrence of the Finance Ministry.

Is this article important for exams ? Yes61 People Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK