For the financial year 2019-20, there was a long wait for the interest on PF.
Now friends, because its circular has been issued, interest will be gradually credited on the accounts of all PF account holders, because once confirmed through the official circular, the PF account of the PF members by the regional PF office Interest is credited.
First it was said to pay 8.50% interest on PF accounts in March 2020, followed by the CBT meeting on 9 September 2020 to credit 8.50% interest in two installments, finally Labor at the end of December.
The proposal was sent by the Ministry to the Ministry of Finance, stating that we have made good money from the Exchange Traded Fund and we want to credit 8.50% interest in a single installment and the Finance Ministry approved the proposal on December 30 | After this, this circular has been confirmed by the Ministry of Labor and Employment on 4 January 2021.
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