EPFO PF Interest Rate: The Central Board of Trustees (CBT) meeting of Employees’ Provident Fund Organization (EPFO) is going to be held in Guwahati from Friday (today).
In this two-day meeting, decisions are likely to be taken on several proposals including the interest of Provident Fund (PF) for the current financial year. Can decide to keep.
According to reports, the interest rates, if cut, could be kept in the range of 8.35 to 8.45 per cent. At present, the beneficiaries are getting interest at the rate of 8.5 per cent on PF contribution.
A source close to CBT says that the impact on the stock markets due to the RussiaUkraine war could affect earnings. In such a situation, the interest rates of PF can be kept stable for the financial year 2021-22. According to the source, a cut in interest rates can also be considered.
100 crore will be transferred to Senior Citizens Fund: EPFO PF Interest Rate
In this meeting, a proposal will also be presented to transfer Rs 100 crore from the unclaimed amount lying with the EPFO to the Senior Citizens Welfare Fund.
According to the notification issued by the Finance Ministry in 2015, the unclaimed amount lying in EPF, PPF and other savings schemes should be transferred to the Senior Citizens Welfare Fund after seven years
Possible proposals to be presented in the meeting: EPFO PF Interest Rate
- Redemption of Non-convertible Debentures (NCDs) of Air India after disinvestment.
- Exit policy and standard operating procedure (SOP) for underperforming securities.
- 400 crores invested in the third tranche of Bharat Bond ETF.
- Investment options under Class-II. Receipt of capital gain from equity investment.
