Good news for EPFO subscribers: Modi govt s New Year bonanza, check details
According to Live Mint, a notification in this regard was issued on January 4.
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Updated: Jan 8, 2021, 07:34 PM IST
In what can only be categorised as a New Year bonanza to benefit crores of EPF subscribers, media reports have emerged which says that it has allowed Employees Provident Fund Organisation (EPFO) and Exempted Provident Fund Trusts to invest in public sector debt ETFs (Exchange Traded Funds) like Bharat Bond ETF.
According to Live Mint, a notification in this regard was issued on January 4.
It is to be noted that Labour and Employment Minister Santosh Gangwar on December 31 announced that PF subscribers will start receiving 8.5 percent interest on their PF amount from the said day onwards.