Employees’ Provident Fund Organisation (EPFO) has credited 22.55 crore account holders with interest at the rate of 8.50% for the financial year gone by.
Earlier this year, the EPFO decided to keep the rate of interest unchanged on provident fund deposits at 8.5 per cent for the financial year 2020-21. Before that, representatives of the labour ministry had asked the finance ministry to fast track the decision of fixing the interest rates.
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