For 190 million EPF account holders, here’s some good news! EPFO to pay 8.15% interest
First Published Dec 9, 2020, 2:01 PM IST
Here's some good news for private sector employees. The Employees’ Provident Fund Organisation is likely to declare interest rate of 8.5 per cent on their EPF savings for the financial year 2019-20 at one go

A Business Standard Report cited a senior EPFO official as saying that the current bull market had prompted the EPFO to offload its equity investments and gain higher-than-expected returns in December, leaving it with double the surplus projected three months back.

The Business Standard report says that the Union labour and employment ministry has written to the finance ministry, seeking 8.5 per cent interest to be credited into around 190 million EPF accounts for 2019-20.
The finance ministry is yet to respond to the proposal, but sources say that clarity on the matter may emerge within a week.