Finance Ministry Bars EPFO From Announcing Interest Rates Without Approval
The Finance Ministry has barred the Employees’ Provident Fund Organisation (EPFO) from announcing interest rates without prior approval.
![Finance Ministry Bars EPFO From Announcing Interest Rates Without Approval](/_next/image?url=https%3A%2F%2Fs3.ap-south-1.amazonaws.com%2Fimages.outlookindia.com%2Fwp-content%2Fuploads%2F2023%2F09%2FInterest-Rates-1-300x200.jpg&w=256&q=75)
The Finance Ministry has barred the Employees’ Provident Fund Organisation (EPFO) from announcing interest rates without prior approval.
Axis Bank and Kotak Mahindra Bank have revised the deposit rates in the week ending September 16, 2023. Seniors can avail of up to 7.75 per cent on fixed deposits with these banks
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