Employees provident fund rate to be 8.8 percent

CHENI, Feb 16: The Central Board of Trustees of Employees’ Provident Fund Organisation (EPFO) on Tuesday recommended an interest rate of 8.80 percent for 2015-16 on its retirement funds of employees, said a member. Earlier, EPFO’s fincial audit and investment committee had said there is potential to offer 8.95 percent interest rate. (IANS)

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