EPFO keeps interest rate unchanged at 8.5% for 2020-21

Current GK ( Master) Indian Economy

The board of Employees’ Provident Fund Organisation (EPFO) has kept the interest rates on Provident Fund deposits for the financial year 2020-21 at 8.5 percent.
The rate has been kept unchanged, as in 2019-20.
The decision was taken by the Central Board of Trustees, at 228th meeting held in Srinagar on March 04, 2021, under the chairmanship of Labour Minister Santosh Kumar Gangwar.