EPFO interest rate today: Retirement fund body likely to make announcement on EPF deposits' interest rate for FY 21

EPF interest rate 2021: The Employees' Provident Fund Organization (EPFO) is likely to declare rate of interest on EPF deposits for Financial Year 2021 today, I.e. March 4.   

The speculation finds relevance in the backdrop of Central Board of Trustees (CBT) meeting scheduled in Srinagar on March 4. " 

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Earlier on February 16, talking to PTI, K E Raghunathan, an EPFO trustee, had said that he received the intimation that the next CBT meeting is scheduled to be held on March 4, at Srinagar and that the agenda papers are likely to be sent soon. 

He, however, had said that there is no mention about discussion on interest rate for 2020-21 in the intimation mail. 

Meanwhile, as per PTI, the EPF (employees provident fund) interest rate provided for 2019-20 was the lowest since 2012-13, when it was 8.5 per cent.   

The EPFO had provided 8.65 per cent interest rate to its subscribers for 2016-17, and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.   

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13. 

Last year, in March, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19.