The Employees Provident Fund Organisation (EPFO) on Monday slashed interest on deposits to a four-year low of 8.65 per cent this fiscal in tandem with falling rates on savings due to surge in bank deposits post demonetisation.
The EPFO provided 8.8 per cent rate of interest on deposits for 2015-16 to its 4 crore subscribers. It maintained 8.75 per cent for 2013-14 and 2014-15; it was 8.5 per cent in 2012-13.