Good News For EPF a/c Holders! EPF Interest Would Be Credited On or Before Diwali For This Financial Year 2020-21

It’s really a good news for almost 6 crore EPF a/c holders! Keeping in view the festive season ahead, Central Government is planning to fetch interest rate of 8.5% for this financial year 2020-21.

Regarding this issue, Employees union expresses their gratitude for crediting interest before Diwali. Though this interest rate is far below the past 7 years rate, due to covid-19 issue and PF Contributions are not expected as per the pre-covid levels, government has fixed 8.5% interest rate for this financial year.

Central workers union also gives consent to this proposal and if all things are done as expected, very soon EPF a/c holders will receive 8.5% interest rate on or before diwali. Let’s cheers up employees!

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