Govt leaves EPFO interest rate unchanged in relief to the common man EPFO’s announcement brings relief to nearly 60 million subscribers, many of whom save money via this method because of income tax benefits and security. 0 claps 8.5 percent interest rates on provident fund deposits for the financial year 2020-21. The rate was decided by EPFO’s Central Board of Trustees held in Srinagar, presided by Minister of State for Labour and Employment Santosh Gangwar. EPFO also released a booklet titled ‘Response to Covid,’ highlighting the effort made by EPFO to innovate and deliver uninterrupted services to its stakeholders through the difficult time of the COVID-19 pandemic. Image Credits: PIB