EPFO added 15.48 lakh net members during February: Govt
A noticeable aspect of the EPFO data is the dominance of the 18-25 age group which constitutes a significant 56.36 per cent of the total new members.
This is the first time since 2015-16 that the interest rate has been raised.
The Employees’ Provident Fund Organisation (EPFO) board has recommended an interest rate of 8.65 per cent for 2018-19, 10 basis points higher over the previous fiscal.
In the financial year 2017-18, the interest rate was 8.55 per cent.
This is the first time since 2015-16 that the interest rate has been raised.
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