new delhi the government has approved 865 per cent interest rate on employees provident fund for 201819 which will now be credited into the accounts of over 6 crore subscribers of retirement fund body epfo a source said on thursdaythe epfo has been settling epf withdrawal claims at 855 per cent interest rate approved for 201718 now the epfo will settle accounts on higher rate of 865 per cent for 201819ministry of labour and employment has notified 865 per cent rate of interest on epf deposits for its subscribers over 6 crore now the interest would be credited into accounts of subscribers and claims would be settled at this rate the source privy to development saidthe central board of trustees the apex decisionmaking body of the employees provident fund organisation epfo had approved 865 per cent interest rate for the last fiscal on february 21 this yearthe proposal was sent for the concurrence of the finance ministry and the labour ministry was waiting for its approvalearlier this week labour minister santosh gangawar had assured ahead of the festival season over 6 crore epfo subscribers would get 865 per cent interest for 201819on the delay in notifying epf interest rate the minister had said finance minister nirmala sitharaman is busy these days she has the file proposal for epf interest rate for 201819 she does not disagree on this the 865 per cent rate of interest approved by us would be provided to epfo subscribers for 201819 it should be done in few days