The EPFO last year had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 percent for 2019-20.
On Thursday, March 4, the Employees’ Provident Fund Organisation (EPFO) has announced the interest rates on provident fund deposits for the financial year 2020-21. The EPFO board has maintained 8.5 percent interest for 2020-21, the same rate fixed for the last fiscal 2019-20. A meeting was held today in Srinagar by the EPFO’s central board of trustees to decide the interest rate to be provident fund (PF) account holders in the financial year 2020-21.
The retirement body, last year, in March 2020, had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 percent for 2019-20, from 8.65 percent in 2018-19.
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