Big news for EPFO
70 million people, more cash will come to PF account in July. 8.5 percent
interest for the yr 2020-21, which is predicted to return to an end in late
July.
EPFO has received
permission from the Ministry of Labor during this regard This process are going
to be launched soon in July. The good news is that EPFO can move 80 million
workers in a very hurry after getting permission from the Ministry of Labor.
EPFO will transfer 8.5 per cent interest to the EPFO account of the workers
at the tip of July for 2020-21.
We had to attend for several months to urge
the interest for 2019-20 EPFO has not made any change in interest rates for the
financial year 2020-21 Everyone are given interest as 8.5 percent EPFO can
withdraw Covid-19 Advance money for a second non-refundable account holder
within the second wave of Corona epidemic across the country.
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