EPFO Interest Rate Latest Update: Even as the agenda of the meeting is unclear, it is expected that the CBT will discuss interest rate, higher pension, and annual financial estimates for the EPFO. aaa
EPFO, that manages the old age savings of 27.73 crore formal sector employees, invests 15 per cent of its corpus into exchange traded funds (ETFs) linked to NSE Nifty 50 and BSE Sensex.
In March, last year, CBT trimmed the EPF interest rate to its lowest level in 40 years to 8.1% for fiscal 2021-22. The last time, the EPF rate was lowest was in 1977-78 at 8%.