The government has approved 8.65 per cent interest on EPF deposits for 2016-17 which would be credited into the accounts of members of the retirement fund body EPFO.

The Employees Provident Fund Organisation (EPFO) has asked its field offices to credit 8.65 per cent rate of interest into the accounts of subscribers after the Labour Ministry informed the body about approval in this regard by the Central government, a senior official said.