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The Central Board of Trustees will consider another proposal to increase the redemption period for better yields for investments in equities from four years to seven years in the next six years.
Mangaluru: Nidhi Aapke Nikat/ Pension Adalat will be conducted by the Regional PF Commissioner-I, EPFO, RO Mangaluru at the ‘Bhavishya Nidhi Bhavan’, .
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time, a labour ministry statement said.
In March, last year, CBT trimmed the EPF interest rate to its lowest level in 40 years to 8.1% for fiscal 2021-22. The last time, the EPF rate was lowest was in 1977-78 at 8%.
The provisional payroll data released on Monday also highlighted that approximately 10.62 lakh members re-joined EPFO membership.