EPFO: More Than 6.5 Crore People Are Waiting For This Benefit From EPFO

Private and government employees are going to get gifts before Holi next month. The Board of Employees’ Provident Fund Organization’s (EPFO’s) CBT Board has a meeting on March 12 in Guwahati. In the meeting, the interest rates for the current financial year of EPFO ​​are to be discussed. The Central Board of Trustees (CBT) will decide the interest for the current financial year in the meeting and then submit its recommendations to the Finance Ministry. If sources are to be believed, it can be agreed to pay 8.5% interest in the current financial year as well. At the same time, some members believe that more interest can also be discussed.

Interest rate may remain stable

The current financial year has been difficult for the EPFO. Despite this, EPFO ​​can sell part of its equity investment to pay 8.5% interest. Therefore, due to lack of options, bond investment was less than expected and capital investment could not be done. EPFO invests 15% in equity and the rest in debt. In such a situation, paying the current interest will also be a challenge. The Finance Investment and Audit Committee of EPFO ​​has sent its recommendations to the CBT. Now the final decision on the interest rate will be taken in the March meeting.

8.5% interest paid in FY 20-21

EPFO had given 8.5 percent interest to its subscribers in the financial year 2020-21. Now the eyes of the salaried class are on the meeting to be held on March 12. In this, the interest rate for the current financial year (FY 22) is to be announced. According to the Union Labour Minister, the proposal for the decision of interest rates is also listed in this important meeting.

No reduction in interest rates

Interest rate 8.75% in FY 14 and FY 15

Interest rate 8.80% in FY 16

Interest rate 8.65% in FY 17

Interest rate 8.55% in FY 18

Interest rate 8.65% in FY 19

Interest rate 8.5% in FY 20

Interest rate 8.5% in FY 21

    1 thought on “EPFO: More Than 6.5 Crore People Are Waiting For This Benefit From EPFO”

    1. EPFO NEWS EVERYWHERE NO YIELD TILL TODAY
      EXISTING EPFO PENSIONERS NOT GETTING ENHANCED PENSION AND DA TO BE ADDED
      SHOULD BE TAKENUP BY THIS GOVT WHICH IS A WORRYING FACTOR AT THIS AGE. ONLY MEETING
      AND ADJOURNMENT OF COURT CASE. FEEL SHY
      AND CURSE FROM OUR SOULS TO AUTHORITIES

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