EPF interest rates: EPFO retains 8.5% rate for 2020-21 The EPFO's central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions. The meeting was chaired by Labour and Employment Minister Santosh Kumar Gangwar BusinessToday.In | March 4, 2021 | Updated 15:10 IST 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% The Employees' Provident Fund Organisation (EPFO) on Thursday, March 4, kept the interest rate intact at 8.5% for fiscal 2020-21, keeping it unchanged from last year. The retirement body's central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions. The meeting was chaired by Labour and Employment Minister Santosh Kumar Gangwar.