Highlights
8.5 percent rate of interest for 2019-20.
Interest amount credited.
New Delhi: Around six crore EPF subscribers who have been eagerly waiting for the final nod from government on crediting of interest for 2019-20 in their employees provident fund (EPF) accounts, have got a big new year gift.
Labour and Employment minister Santosh Gangwar has said that PF subscribers will start receivig 8.5 percent interest on their PF amount from today onwards.
“I am happy to inform you that a notification has been issued & for year 2019-2020, our over 6 crore subscribers will receive 8.5 percent interest on PF amount. We have made such arrangements that you ll start receiving these benefits from today,” Union Minister Santosh Gangwar said.
Updated: Dec 31, 2020, 01:48 PM IST
In good news for around six crore EPF subscribers, the EPFO has credited 8.5 per cent rate of interest for 2019-20 in employees provident fund (EPF) accounts on December 31 (Thursday).
According to Zee Media sources, people who were eagerly waiting for the final nod from the finance ministry on crediting of 8.5 per cent rate of interest for 2019-20 in their employees provident fund (EPF) accounts, have got a big new year gift. However, we would still be waiting for the official confirmation on the above.
The retirement fund body EPFO had previously tweeted that subscribers can check their PF Balance from the comfort of home using four different ways check PF balance using SMS, online, missed call and UMANG App.
Highlights
Amendments in wake of COVID-19 crisis.
EPFO members were allowed to apply for withdrawal online.
New Delhi: Around six crore EPF subscribers are waiting for the final nod from the finance ministry on crediting of 8.5 percent rate of interest for 2019-20 in their employees provident fund (EPF) accounts.
Though there is yet to be any official confirmation on the above, it is being reported that the news would be coming anytime soon. Earlier in September this year, the Employees Provident Fund Organisation had decided to split 8.5 percent interest into two installments of 8.15 percent and 0.35 percent in its trustees meet headed by Labour Minister Santosh Gangwar.
Updated Dec 18, 2020 | 21:21 IST
Earlier in September this year, the Employees Provident Fund Organisation had decided to split the 8.5 per cent interest into two installments of 8.15 per cent and 0.35 per cent EPFO to credit 8.5% interest soon! Here are 4 ways to check your PF balance | Photo Credit: BCCL
New Delhi: Retirement fund body, the Employees Provident Fund Organisation (EPFO), is likely to credit 8.5 per cent rate of interest for 2019-20 in the employees provident fund (EPF) accounts of around six crore subscribers in one go by the end of December, news agency
PTI reported.
Earlier in September this year, EPFO had decided to split the 8.5 per cent interest into two installments of 8.15 per cent and 0.35 per cent during its trustees meet, headed by Union Labour Minister Santosh Gangwar.