EPFO CIRCULAR || Good News Declaration of Rate of Interest for the Employees' Provident Fund Members Account for the year 2019-20

Declaration of Rate of Interest for the Employees' Provident Fund Members Account for the year 2019-20

Employee Provident Fund Organisation

Ministry of Labour and Employment Government of India

Bhavishya Nidhi Bhawan, 14, Bhikaji Cama Place, New Delhi. 110066

Sub: Declaration of Rate of Interest for the Employees' Provident Fund Members Account for the year 2019-20

To All Regional Provident FundCommissioner

Office-In-Charge

Regional Offices

Sir, 

The Ministry of Labour and Employment, Government of India, has unveiled the approval of the central government under para 60 of one of employee provident fund scheme, 1952 to credit interest at the rate 8.5% for the year 2019-20 2D account of each member of the EPF scheme as per the provision under para 60 of EPF scheme, 1952.

You are accordingly requested to issue necessary instruction to all concerned for crediting the said interest to the members accounts

(Authorities: Ministry of Labour and Employment Letter number one dash number a dash 11018/1/ 2017- SS-II, Dated 31st December, 2020)

Vishal Agarwal,

Regional PF Commissioner-1 (Investment)