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This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent

The EPFO has also given three months' time to employers to submit wages details online

Among the newly joined members, the age-group of 18-25 years constitutes 54.15 percent of the total new members added during the month

Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act

The EPF interest rate provided for 2019-20 was the lowest since 2012-13, when it was brought down to 8.5 %.