EPF interest rates: EPFO has given big relief to 6 crore people of the country. There is no change in the interest rates on PF, that is, you will get interest at the rate of 8.5 percent (EPFO fixes PF interest rates) this financial year too. Today the decision has been taken in the Srinagar meeting of the Central Board of Trustees of the Employees Provident Fund Organization (EPFO). The Employees Provident Fund Organization declares an interest rate on the PF amount for each financial year.
Let us tell you that in March last year, the EPFO reduced the interest rate to 8.5 percent. Let us tell you that the interest rate on PF for 2019-20 was the lowest level after 2012-13.
This news was coming earlier,
let us tell you that before the meeting, news was coming that this year the government can cut interest rates on PF. Due to the Corona crisis spread across the country, this year the government may shock the employed people, but the government has not made any changes in the interest rates.
According to payroll data released on Saturday, the number of new registrations increased by 24 per cent to 12.54 lakh in December. This increase is 44 percent more than in November 2020. These data suggest a formal sector employment situation in the midst of the Kovid-19 pandemic (COVID-19). The Labor Ministry said in a statement that according to the salary figures of the EPFO, 12.54 lakh account holders grew on a net basis in December 2020, which is a good sign.
so far. Interest rates on PF-
>> 2020-21 – 8.5%
>> 2019-20 – 8.5 percent
>> 2018-19 – 8.65 percent
>> 2017-18 – 8.55 percent
>> 2016-17 – 8.65 percent
>> 2015-16 – 8.8 percent
>> 2013-14 – 8.75 percent
