EPFO Board recommends 8.50% interest rate for the Financial Year 2020-21

The Central Board of Trustees, EPF has recommended 8.50% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2020-21. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into the subscribers’ accounts. Since FY 2014 EPFO has consistently generated returns not less than 8.50 percent.The Central Board of Trustees, EPF has recommended 8.50% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2020-21. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into the subscribers’ accounts. Since FY 2014 EPFO has consistently generated returns not less than 8.50 percent.taxmann.com Latest Statutory HappeningsRead More

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