EPFO retains interest rate at 8.5% for 2020-21

by Nidhi Bhati

The Employees Provident Fund Organisation (EPFO)’s Central Board of Trustees has recommended 8.5 per cent annual rate of interest on EPF deposits for 2020-21. Speculations about lower interest on provident fund deposits due to the economic downturn and coronavirus pandemic were making the rounds. However, the rate has been kept unchanged.

References
1. https://www.pib.gov.in/PressReleasePage.aspx?PRID=1702437