EPFO Good News: A very good news for PF Subscribers, 60 million PF account holders can get big good news just before the new year, 8.5% interest credit in PF accounts of Employees Provident Fund Organization (EPFO) till tomorrow. Can
EPFO Good News: 8.5% Interest In One Installment
PF account holders have been waiting a long time to get interest credit for FY 2019-20, in September this year it was decided that 8.50% interest will be paid and it will be credited in two parts of 8.15 and 0.35%. Will be done This decision was taken by epfo in the CBT meeting chaired by Labor Minister Shri Santosh Gangwar Ji on 9 September.
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The Labor Ministry sent a proposal to the Finance Ministry this month that we have got a good return from the Exchange Traded Fund (ETF) and we want to credit 8.5% interest in a single installment, government officials in a media report It has been said that it has been approved by the government for this.
Interest On EPF Accounts Will Be Credited Soon
Let us tell you that once the interest rate is approved by the Finance Ministry, the notification is issued and immediately after that interest is credited on all PF accounts, it is expected that on January 1, on the occasion of New Year Till 8.50% interest will be credited in all PF accounts for FY 2019-20. This will increase the PF account balance of all PF subscribers.
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