"epfo"

The Employees' Provident Fund Organisation's (EPFO) apex decision-making body Central Board of Trustees decided to fix 8.5 per cent rate of interest for 2020-21 at its meeting in Srinagar on Thursday.

EPFO has settled 56.79 lakh Covid-19 withdrawal claims and disbursed Rs 14,310 crore to subscribers during the pandemic till December 31, 2020

Now the interest rate would be officially notified in the government gazette following which the EPFO headquarter would give directions for crediting the rate of return on EPF into the subscribers accounts.

A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20.

The pensioners who could not submit their life certificates till November 30 deadline, would get pension every month till February.

Telangana, under KCR, provides far better pensions than what BJP govt doles out to retired people

Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years.

This initiative will allow the PF subscribers to interact directly with EPFO's regional offices at a personalised level adhering to one-to-one guidance principle.