The Employees’ Provident Fund Organisation (EPFO) is scheduled to transfer the first instalment of 8.5 per cent for the 2019-20 fiscal year to EPF (Employees’ Provident Fund) subscribers by Diwali, a representative of the EPF advisory board notified Live Hindustan, the partner publication of the Hindustan Times. The retirement fund authority has already proposed that as financial uncertainty in the aftermath of the pandemic, the interest rate for 2019-20 to be paid in two instalments impacted its equity investment revenue.
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