How much rate of interest on Provident Fund (EPF) for 2018-19 was approved by Government on 26 April 2019?
A. 8.90%
B. 8.65%
C. 8.50%
D. 8.85%
Answer:B
How much rate of interest on Provident Fund (EPF) for 2018-19 was approved by Government on 26 April 2019?
A. 8.90% B. 8.65% C. 8.50% D. 8.85%
Explanation: The Finance Ministry has approved 8.65% rate of interest on EPF for 2018-19 as decided by retirement fund body EPFO. The interest rate on EPF was hiked to 8.65% for the last fiscal from 8.55% provided in 2017-18.