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New Delhi, March 4 The Central Board of Trustees, EPF, in its meeting on Thursday recommended 8.5 per cent annual rate of interest to be credited on the EPF accumulations in members’ accounts for the financial year 2020-21. The meeting, presided over by Union Labour Minister Santosk Kumar Gangwar, was held in Srinagar. “Since FY 2014, EPFO has consistently generated returns not less than 8.5 per cent,” the Labour Ministry said, adding: “A high EPF interest rate, along with compounding, makes a significant difference to gains of subscribers.” “This is despite the fact that the EPFO has consistently followed a conservative approach towards investment, putting highest emphasis on the safety and preservation of principal first approach,” Gangwar said during the meeting. ....