EPF deposits may get 8.65% returns according to latest news. Even Labour Minister Bandaru Dattatreya said the same thing. However, Mr. Dattatreya is not sure about this. Because he says that there can be change. But for most part 8.65% returns may continue for this fiscal year also. Moreover, you can check EPF balance online till then.

In addition, the Head Central Board of Trustees is Mr. Dattatreya. He added that right now making final decision is difficult. On other hand, though 8.65% returns on EPF investment is low. But it is still the best fixed income investment option.

Decision of the Finance Ministry on interest rates

Even Finance Ministry is looking at all things. So that they can take final decision. In addition Finance Ministry lowered interest rates on other things. These are PPF or Public Provident Fund. Moreover, others are Kisan Vikas Patra, National Savings Certificates and Post Office Time Deposits.

You will however, have to wait for some more time. Because only then you will know about decision of authorities. While you can check EPF withdrawal scheme. Because EPF allows you to withdraw 90% of EPF amount and buy home.

On other hand, EPF brought many changes. In this way it helps provident fund members. Additionally, there is EPFO loan housing scheme for 2017. Even there is option for linking Aadhaar card with EPFO UAN account. Therefore, you can benefit from different schemes.

But to benefit from EPF UAN related schemes. You must be a member of Employees’ Provident Fund. In case you wish to become member of PF. Then you can go to EPF UAN member portal.

Finally, the Labour Ministry stated that authorities will take final decision soon. Therefore, we will have idea of EPF deposits return. And whether it is 8.65% only. Or if there is any change in return rate of EPF deposits.