![EPFO lowers interest rate on deposits to 8.5% for 2019-20 EPFO](https://focusmerit.com/wp-content/uploads/2020/03/EPFO-300x129.jpeg)
Employees’ Provident Fund Organization (EPFO), the retirement fund body has slashed the interest rate from 8.65% to 8.50% on provident fund deposits for the financial year 2019-20. The announcement of the reduced interest rate was made by Labour Minister Santosh Gangwar.