The Central Board of Trustees of the Employee Provident Fund Organization (EPFO) retirement fund body recommended that the interest rate for fiscal year 2020-21 be kept at 8.5 percent. This rate, the same as last year, is the lowest offered by EPFO in eight years. The board meeting chaired by …
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NEW DELHI: Retirement Fund Agency EPFO on Wednesday it decided to provide an interest rate of 8.5 percent on the Employee Provident Fund (EPF) for 2019-20 as previously committed. In March this year, the highest decision-making body of the Employees Provident Fund Organization (EPFO), the Central Council of Trustees, headed …
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The Employee Provident Fund Organization (EPFO) has decided to keep the interest rate unchanged at 8.5 percent for the 2019-20 financial year. However, interest payable to provident fund subscribers will be paid in a staggered manner due to exceptional circumstances arising from the Covid-19 pandemic, the Ministry of Labor and …
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