EPFO’s apex decision-making body Central Board of Trustee will take a call on interest rate on employees’ provident fund deposits for 2021-22 in its meeting next month.
“The Employees’ Provident Fund Organisation (EPFO) CBT meeting will be held in Guwahati in March where proposal for interest rate for 2021-22 would be listed as it is end of the fiscal year,” Union Labour Minister Bhupender Yadav told PTI when asked about EPF interest rate for 2021-22.
Asked whether EPFO would maintain the 8.5 per cent interest rate for 2021-22 as decided for 2020-21, Yadav, who also heads the CBT, said the decision would be taken on the basis of income projection for the financial year.
The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March