EPFO announces interest rates on Provident Fund deposits for the financial year 2020-21

The Employees’ Provident Fund Organisation (EPFO) has announced the interest rates on Provident Fund deposits for the financial year 2020-21 on March 4.

The EPFO board has recommended 8.5 percent interest for the financial year 2020-21, same as 2019-20.

Last year, in March, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5 percent  for 2019-20.