Over 6 crore EPFO subscribers to get 8.65% interest for 2018-19: Govt

New Delhi: Labour Minister Santosh Gangwar on Tuesday said over six crore EPFO accounts would be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season.

The Central Board of Trustees - the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) - had approved 8.65 per cent interest rate for the last fiscal on February 21, this year.

The proposal was sent for the concurrence of the finance ministry. Once approved by the finance ministry, the EPFO would credit the interest amount at 8.65 per cent rate in subscriber accounts and settle claims on this rate.