An amount of 100 crores can be transferred from Unclaimed Fund to Senior Citizens Welfare Fund of more than Rs 58,000 crores.
There is good news for the employees of Employees’ Provident Fund Organization (EPFO). An amount of 100 crore unclaimed can be transferred to Senior Citizens Welfare Fund. For this EPFO has prepared a proposal, which will be held in Guwahati on Saturday by the Central Trustees. May be placed in the board meeting. Here, the EPFO has earned Rs 12,785 crore in interest, out of which Rs 5,529 crore will be utilized for capital gains.
According to media reports, the Employees’ Provident Fund Organization (EPFO) may propose to give an amount of 100 crores to the Senior Citizens’ Welfare Fund in the meeting of the Central Board of Trustees to be held on Saturday. There is a possibility that this proposal may be opposed by the trade unions. Along with this, along with the increase in the interest rate, many more benefits can be available for the employees in the meeting.
According to media reports, according to the government directive of 2015, EPFO can transfer an amount of 100 crores from its unclaimed fund to the Senior Citizens Welfare Fund of more than Rs 58,000 crore, its proposal will be put in the meeting to be held on Saturday. could. According to the Finance Ministry notification issued in 2015, unclaimed savings for 7 years in EPF and PPF accounts and other small savings schemes should be converted into Senior Citizens Welfare Fund.
According to media reports, the interest rate on EPF will also be considered in the CBT meeting to be held in Guwahati on Friday-Saturday 11-12 March. According to sources, the interest rate can be retained at the level of 2020-21 or can be reduced to 8.35-8.45 per cent depending on the volatility in the stock market. Union ministers will also attend this meeting and it is expected that the government may increase the interest rates on PF. The same good news can be heard regarding pension.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
