New Delhi: The Employees’ Provident Fund Organisation (EPFO) has begun crediting an 8.5 per cent rate of interest on employees’ provident fund for 2019-20 – news that will bring relief to over six crore people.
A direction to credit 8.5 per cent interest on employees’ provident fund for 2019-20 has already been sent to the EPFO, The Indian Express reported.
“We had said that it would be our endeavour to provide 8.5 per cent rate of interest on EPF for 2019-20. We have issued a notification to provide 8.5 per cent rate of interest on EPF for 2019-20. We have also begun the process to credit the said rate of interest into subscribers account,” PTI quoted Union Labour Minister Santosh Gangwar as saying.
The minister informed that those who are retiring on December 31 will get an 8.5 per cent rate of interest (for 2019-20).
“It (8.5 per cent interest) would comprise 8.15 per cent from debt income and balance 0.35 per cent (capital gain) from the sale of ETFs (exchange traded funds) subject to their redemption by 31st December, 2020,” he said.
New Delhi: After the record-breaking success of ‘Pushpa 2: The Rule’, Rashmika Mandanna has her…
Bhubaneswar: Twelve members of Village Water and Sanitation Committees (VWSC) from nine districts of Odisha…
Hyderabad: Bollywood actress Janhvi Kapoor, who is rumoured to be dating Shikhar Pahariya, had once…
Bhubaneswar: In a remarkable stride toward strengthening industrial ecosystem, the Odisha government on Wednesday approved…
Bengaluru: Playing away from home, Odisha FC turned the game on its head to snatch a…
Hyderabad: Two weeks after its Telugu release, the Hindi version of Balakrishna-Urvashi Rautela starrer ‘Daaku…
This website uses cookies.
