Retirement fund body EPFO on Thursday started crediting the 8.5 per cent rate of interest on employees’ provident fund (EPF) for 2019-20 for its over six crore members, a senior official said.
A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told PTI.
The official further informed that the labour ministry has already sent the direction to credit the 8.5 per cent interest on EPF for 2019-20 to the EPFO and the body has already started crediting interest into members account for the last fiscal.
Pension given out under ‘Prayaas’ scheme
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The Employees’ Provident Fund Organisation (EPFO), distributed pension payment orders to the employees of Indian Oil Corporation, Ashok Leyland, Fourrts (India) Laboratories Ltd and Padma Seshadri Bala Bhavan Secondary School, as part of ‘Prayaas’, an initiative to release pensions on the day of superannuation to members under the Employees’ Pension Scheme, 1995. According to a press release, pension payment orders were handed over to the retiring employees by Sudhir Kumar Jaiswal, Regional P.F. Commissioner-II (Pension). P. Srinivasan, Assistant P.F. Commissioner (Pension) participated.
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New Delhi, December 31
The Employees Provident Fund Organisation (EPFO) has retained 8.5 per cent interest rate on employees’ provident fund (EPF) for 2019-20 for its over 6 crore members, and
EPF account holders check their account 6 crore account holders start paying interest naidunia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naidunia.com Daily Mail and Mail on Sunday newspapers.
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