Employee Provident Fund Organization EPFO ​​has increased the interest rate on employee provident fund from 8.55 percent to 8.65 percent. Labor Minister Santosh Gangwar said on Thursday that this decision of the government will benefit 6 crore workers.

He said that all members of the Central Board of Trustees CBT of EPFO ​​have agreed on the decision to increase interest rates for the current financial year. Gangwar said that this decision will now be forwarded to the Finance Ministry for approval. Only after the approval of the Finance Ministry, the interest rate will be credited to the customer's account.

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