Good news for PF subscribers! 8.5 % interest on Provident Fund deposits to be credited on THIS date

Last year, the PF subscribers waited for around 8 to 10 months to get their interest rate. Previously, the Employees Provident Fund Organisation had kept the interest rate unchanged at 8.5 percent. Besides, the EPFO had asked employees to withdraw more money amid the second wave of the COVID-19 pandemic. 

Around 6 crore government employees, who contribute to the Provident Fund will be benefitted as the Employees Provident Fund Organisation (EPFO) plans to credit 8.5 percent interest for FY21 in the respective account of employees.   As per sources, the Labour Ministry had given a go-ahead to the proposal in this regard and interest will be credited into beneficiaries account by July end itself.   Last year, the PF subscribers waited for around 8 to 10 months to get their interest rate.   Previously, the Employees Provident Fund Organisation had kept the interest rate unchanged at 8.5 percent. Besides, the EPFO had asked employees to withdraw more money amid the second wave of the COVID-19 pandemic.