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Announcement of deposit rate of interest for EPF 2020-21 on March 4, might get dangerous information!


New Delhi: Retirement fund administration physique EPFO ​​can announce the rate of interest on provident fund deposits for the monetary 12 months 2020-21 on March 4.

On March 4, the Central Board of Trustees of the Workers’ Provident Fund Group (EPFO) has a gathering in Srinagar. On this assembly, the proposal to announce the rate of interest for 2020-21 is more likely to be determined.

Kei Raghunathan, a trustee of the EPFO, mentioned that he obtained the knowledge on the following assembly of the central board of trustees in Srinagar on March 4. The agenda of the assembly might be despatched quickly. He mentioned that there isn’t any point out of dialogue on rate of interest for 2020-21 within the mail associated to the knowledge of the assembly.

There may be hypothesis that EPFO ​​might scale back the rate of interest on provident fund deposits for this monetary 12 months (2020-21), which was 8.5 p.c for 2019-20.

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