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PF interest rate @8.8%
Highlights
The Union government has decided that savings of employees accumulated in the provident fund will draw an interest rate of 8.8 per cent for 2015-16, higher than what it declared just a couple of days ago.
New Delhi: The Union government has decided that savings of employees accumulated in the provident fund will draw an interest rate of 8.8 per cent for 2015-16, higher than what it declared just a couple of days ago.
The announcement comes after protests by labour unions and the opposition over the government deciding on a rate of 8.7 per cent.
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