EPFO CBT Meeting Today News: Big news on PF interest rate

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The EPFO ​​CBT was a meeting, and this meeting is expected to come up with a major decision on the interest rate on PF as well as EPS-95 minimum pension hike for FY 2019-20, but in the meantime EPFO ​​(Employees provident fund organization) A big news is coming out of the meeting of Under which in the meeting of CBT (Central Board of Trustees), 8.5% interest rate has been fixed on EPF for the distribution year 2019-20. Let us tell you that at the EPFO ​​CBT meeting held on March 5, 2020, the interest rate of 8.5% on EPF was fixed for the financial year 2019-20 and it was sent to the Finance Minister for approval. But it was not yet approved by the Finance Minister, due to which PF subscribers have also not been credited interest on their PF account.



EPFO CBT MEETING: Interest on PF can be available in two installments for 2019-20

Under the news that is currently being received, the EPFO ​​has retained the interest rate of 8.50%, but currently the EPFO ​​will pay 8.15% interest till the month of October, the remaining 0.35% will be given in the month of December. This means that the interest on PF for the financial year 2019-20 may be credited in two installments. Anyway, 8.5% interest rate can also be called a good interest rate given the current situation, because it was said that the interest rate on PF may be reduced by 8.5%, but in the EPFO ​​CBT meeting held today Only 8.5% interest rate has been retained.

Also Read: EPS: Government can give gifts to those with private jobs, preparations to increase pension amount to 5 thousand

EPS-95 may also get big news for minimum pension increase

In addition to the PF interest rate, EPFO ​​CBT meeting is expected to come up with a big decision on the increase in eps-95 minimum pension, though till this time no news about it has been revealed. eps-95 Pensioners have been demanding for minimum pension increase for a long time and for this, a letter has been written to Prime Minister Shri Narendra Modi many times. As soon as a new update comes about it, we will try to tell you first.

The post EPFO CBT Meeting Today News: Big news on PF interest rate appeared first on informalnewz.



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