Nov 092021
The government has approved an 8.5% rate of interest on employees’ provident fund for 2020-21 fiscal, Just ahead of Diwali, this is good news for over five crore subscribers of the Employees Provident Fund Organisation (EPFO).
The 8.5% rate of interest on provident fund deposits for the last financial year was decided by the EPFO’s apex decision-making body Central Board of Trustees (CBT) headed by the Labour Minister in March this year.
“The rate of interest on EPF for 2020-21 has been ratified by the Ministry of Finance and now it would be credited into the accounts of over five crore subscribers.”
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SOURCE BY: PRAKASH CONSULTANCY SERVICES
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