EPF Interest Rates 2021: EPFO Keeps Interest Rates Intact Mar 06, 2021, 13:46 IST
The Central Board of Trustees of the Employees Provident Fund Organization (EPFO) on Thursday recommended that subscribers be given an 8.5% interest rate for PF contributions for 2020-2021, keeping the same rate as the previous year.
The EPFO s central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions.
The decision was taken at the 228th meeting of the Central Board of Trustees, held in Srinagar under the chairmanship of Santosh Kumar Gangwar, Union Minister of State for Labor and Employment.
EPFO s financial advisory panel had already met on Wednesday evening, March 3, and recommended the retirement fund body s board to retain the interest rate at 8.5%.
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