New Delhi, Feb. 17 -- Your Provident Fund (PF) contributions may earn a stable interest soon as the government is considering creating an interest stabilisation reserve fund for the Employees' Provident Fund Organisation (EPFO).
According to a report by The Economic Times quoting officials in the know of the matter, over 65 million EPFO subscribers are set to benefit from the move with the labour and employment ministry commissioning an internal study.
Based on the study results to mobilise an interest stabilisation reserve fund, EPFO subscribers may get consistent interest rates irrespective of what the retirement body earns as the return on investments.
This move of the EPFO is aimed to 'shield' its subscribers from market fluctuatio...
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