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The Central Board recommends 8.10% rate of interest to its subscribers for the year 2021-22 The 230thmeeting of Central Board of Trustees, EPF was held today during the AKAM Iconic Week in Guwahati under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour Employment and Environment, Forest Climate Change, Vice-Chairmanship of Shri RameshwarTeli, Union Minister of State for Labour Employment, Petroleum Natural Gas and Co-Chairmanship of Shri Sunil Barthwal,SecretaryLabour
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FAQ :
The Central Board has recommended an interest rate of 8.10% for EPF subscribers for the financial year 2021-22.
The interest rate will be officially notified in the government gazette, after which EPFO will credit it to its subscribers' accounts.
EPFO achieves high returns through a prudent investment policy, primarily investing in long-term, high-yielding securities and also from income realised from equity investments.
No, there is no over-drawl on the EPFO corpus due to this income distribution. The recommended rate is a result of combined income from debt and equity investments.
EPFO's assured fixed return approach, announced annually by the Central Board of Trustees, along with tax exemptions, makes it an attractive savings option for PF members.
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