EPFO interest rate today: Retirement fund body keeps interest rate on deposits unchanged
EPF Interest Rate 2020-21 News: In a major development, retirement fund body EPFO on Thursday decided to retain 8.5 per cent rate of interest on provident fund deposits for the current financial year.
EPFO has more than five crore active subscribers. Speculations about lower interest on PF deposits due to the economic downfall were making the rounds. However, the rate has been kept unchanged
EPFO interest rate FY 21
The Employees' Provident Fund Organisation's (EPFO) apex decision-making body Central Board of Trustees decided to fix 8.5 per cent rate of interest for 2020-21 at its meeting in Srinagar on Thursday, sources said, as per news agency PTI. Source: PTI
EPF interest rate 2019-20
There were speculations that the EPFO would lower interest on provident fund deposits for this fiscal (2020-21) from 8.5 per cent given in 2019-20 in view of more withdrawals and lesser contribution by members amid the coronavirus pandemic. Source: PIxabay
EPF interest rate at 7-year low
In March last year, the EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19. The EPF (Employees Provident Fund) interest rate provided for 2019-20 was the lowest since 2012-13, when it was 8.5 per cent. Source: PTI
EPF interest rate in the past years
The EPFO had provided 8.65 per cent interest rate to its subscribers in 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16. Source: PTI
EPF interest rates comparison
It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13. The EPFO had provided 8.25 per cent rate of interest on provident fund in 2011-12. Source: Pixabay