Employees’ Provident Fund Organisation (EPFO) has credited an interest rate of 8.50 per cent in 23.34 crore account holders for the financial year (FY) 2020-21, EPFO confirmed on Twitter.
Today, December 13, 2021, the Employees’ Provident Fund Organisation said in a tweet, “23.34 crore accounts have been credited with an interest of 8.50% for the FY 2020-21”
23.34 crore accounts have been credited with an interest of 8.50% for the FY 2020-21. @LabourMinistry
— EPFO (@socialepfo) December 13, 2021
@esichq @PIB_India @byadavbjp @Rameswar_Teli
For the EPF subscribers whose interest for FY21 is yet not credited, the Employees’ Provident Fund Organisation advises contacting the concerned field/Regional Office of EPFO. The contact details are available on the EPFO website.
The 8.5 per cent rate of interest on provident fund deposits for the last financial year was decided by the EPFO’s apex decision-making body Central Board of Trustees (CBT) headed by the Labour Minister in March this year.
On 30th October 2021, in a circular, the Employees’ Provident Fund Organisation had announced an 8.5% rate of interest for the Employees’ Provident Fund Members’ accounts for the year 2020-21.
