EPFO Interest Rates Hike: Important news for PF account holders. The government has given a big statement regarding the increase in the interest rate on the PF account. Minister of State for Labor and Employment Rameshwar Teli has given a statement on any change in the interest rate on Employees’ Provident Fund (EPF) deposits for 2021-2022.

information given by the government

Actually, this question was asked to Rameshwar Teli whether the government is reconsidering increasing the rate of interest on Employees’ Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there is not going to be any increase in the interest rate available on the PF account.

Higher interest than small savings schemes 

Minister of State for Labor and Employment Rameshwar Teli also said that the interest rate of EPF is higher than other comparable schemes like General Provident Fund (7.10 percent), Senior Citizen Savings Scheme (7.40 percent) and Sukanya Samriddhi Account Scheme (7.60 percent). That is, according to Rameshwar Teli, the interest received on PF from small savings schemes is still high, in such a situation, the eligible government will not consider the interest rate hike. Let us tell you that the interest rate on EPF has been approved to give 8.10 percent.

Minister said this 

Rameshwar Teli has stated that the interest rate on PF is dependent on the income received by the EPF from its investments and such income is distributed only as per the EPF Scheme, 1952. Rameshwar Teli also said that the CBT and EPF have For 2021-22, 8.10 percent interest rate was recommended, which has been approved by the government, that is, this time the interest on PF will be available at the rate of 8.10.

The post EPFO Interest Rates: Government will increase the interest rate on PF amount! check new rate immedately first appeared on Rightsofemployees.com.

The government informed

Actually, this question was asked to Rameshwar Teli in the House whether the government is reconsidering to increase the rate of interest on Employees Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there is no increase in the interest rate on the PF account.

Higher interest than small savings schemes

Minister of State for Labor and Employment Rameshwar Teli also said that the interest rate of EPF is higher than other comparable schemes like General Provident Fund (7.10 percent), Senior Citizen Savings Scheme (7.40 percent) and Sukanya Samriddhi Account Scheme (7.60 percent). That is, according to Rameshwar Teli, the interest received on PF from small savings schemes is still high, in such a situation, the eligible government will not consider the interest rate hike. Let us tell you that the interest rate on EPF has been approved to give 8.10 percent.

Minister said this

Rameshwar Teli has said that the interest rate on PF is dependent on the income received by the EPF from its investments and such income is distributed only as per the EPF Scheme, 1952. Rameshwar Teli also said that the CBT and EPF have For 2021-22, 8.10 percent interest rate was recommended, which has been approved by the government, that is, this time the interest on PF will be available at the rate of 8.10.

The post EPFO Interest Rates Hike: Big information about increasing interest rate on PF, check update first appeared on Rightsofemployees.com.

information provided by the government

Actually, this question was asked to Rameshwar Teli in the House whether the government is considering increasing the interest rate on Employees’ Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there is not going to be any increase in the interest rate on the PF account.

Higher interest than small savings schemes

Minister of State for Labor and Employment Rameshwar Teli also said that the interest rate of EPF is higher as compared to other comparable schemes like General Provident Fund (7.10 per cent), Senior Citizen Savings Scheme (7.40 per cent) and Sukanya Samriddhi Account Scheme (7.60 per cent). . That is, according to Rameshwar Teli, the interest on PF from small savings schemes is still high, so the eligible government will not consider the increase in interest rates. Let us tell you that the interest rate on EPF has been approved to give 8.10 percent.

Minister said this

Rameshwar Teli has stated that the rate of interest on PF is dependent on the income received by the EPF from its investments and such income is distributed only as per the EPF Scheme, 1952. Rameshwar Teli also said that CBT and EPF have for 2021-22. , 8.10 percent interest rate was recommended, which has been approved by the government, that is, this time PF will get interest at the rate of 8.10.

The post PF Interest Rate Increased: Government will increase the interest rate on PF ! check details Quickly first appeared on Rightsofemployees.com.