Retirement fund body EPFO or Employees' Provident Fund Organisation has increased the interest rate on employees' provident fund (EPF) to 8.65 per cent for the current financial year (2018-19), news agency Press Trust of India quoted Labour Minister Santosh Gangwar as saying in a report. The increase in EPF interest rate - from 8.55 per cent in financial year 2017-18 - is expected to benefit six crore subscribers of the provident fund scheme.
