EPFO declares Rate of Interest for EPF Members for year 2019-20

EPFO declares Rate of Interest for EPF Members for year 2019-20

File No. INV-11/1/2020-INV

EMPLOYEES’ PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA

No. INV- INV-11/1/2020-INV

Date: 04 Jan, 2021

To All Regional Provident Fund Commissioners, Officers-In-Charge, Regional offices. Sub: Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20 – regarding Sir, The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit interest @ 8.50 % for the year 2019-20 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952. 2. You are accordingly, requested to issue necessary instructions to all concerned for crediting the said interest to the members’ accounts. (Authority: – Ministry of Labour and Employment letter No.R-11018/ 1/ 2017 -SS-II Dated 31st December, 2020).

(VISHAL AGARWAL) REGIONAL P. F. COMMISSIONER — I (INVESTMENT)