EPFO: The interest rates on Employees’ Provident Fund (EPF) deposits for the fiscal year 2021-22 will be decided next month. The Central Board of Trustees, the decision-making body of the Employees’ Provident Fund Organization (EPFO) – The CBT meeting is going to be held in Guwahati next month, in which a decision will be taken on the interest rates for the current financial year.This meeting is at the end of the financial year. Union Labor Minister Bhupendra Yadav (Union Labor Minister) Bhupender Yadav) has given.
EPFO had given an interest of 8.65 percent in 2018-19. At the same time, interest of 8.65 percent was given in the year 2016-17 and 2017-18 also. The interest rate in 2015-16 was 8.8%. Apart from this, in the year 2013-14, 8.75 percent and in 2014-15 also 8.75 percent interest was given. However, the interest rate was 8.5 per cent in 2012-13 and 8.25 per cent in 2011-12.
Important information given by EPFO
The EPFO released a data in January and said that it has added 13.95 lakh members in November, 2021, which is about 38 percent more than the last one year ago. This information has been received from the latest figures of employees kept on fixed wages (payroll). As per provisional payroll data of EPFO, 13.95 lakh members were added in November last year. This is 2.85 lakh or 25.65 per cent more than that of October, 2021. In this matter, the Labor Ministry said in a statement, “Compared on an annual basis, there has been an increase of 3.84 lakhs in the number of members. EPFO added 10.11 lakh subscribers in November 2020.