Government has approved __________ interest rate on deposits in Employees Provident Fund for 2018-19.

  • 1

    7.2%

  • 2

    7.8%

  • 3

    8.65%

  • 4

    8.42%

Answer:- 3
Explanation:-

Government has approved 8.65% interest rate on deposits in Employees Provident Fund for 2018-19. Ministry of Labour and Employment has notified 8.65% rate of interest on EPF deposits for its over six crore subscribers. The EPFO has been settling EPF withdrawal claims at 8.55% interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65% for 2018-19.

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