EPFO issues instructions to credit interest of 8.5% for year 2020-21

EPFO issues instructions to credit interest of 8.5% for the year 2020-21 into some 25.0 crore accounts of members with EPFO vide Circular No. INV-11/1/2020-INV  Dated: 30.10.2021.

Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)
Head Office
Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi – 110066
www.epfindia.gov.in/www.epfindia.nic.in

No. INV-11/1/2020-INV   

Date: 30.10.2021

To,

All ACC- Incharge of Zonal Offices
All RPFC-I/ Officers-In-Charge, Regional offices.

Subject: Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2020-21 – 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 2020-21 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-11018/1/2021-SS-II Dated 29^th October, 2021).

(Abhay Ranjan)
Addl. Central P.F. Commissioner (INVESTMENT)

Copy to,

1. PPS to Secretary, Ministry of Labour & Employment – for information;

2. PPS to AS, Ministry of Labour & Employment – for information;

3. PPS to AS&FA, Ministry of Labour & Employment – for information;

4. OSD to Central Provident Fund Commissioner – for information;

5. PS to Central Provident Fund Commissioner – for information;

6. PPS to FA&CAO and CVO – for information;

7. All CBT Members;

8. All ACC (HQ), Head Office

9. Director, PDNASS, New Delhi;

10. All Zonal Dy. Directors (Vig.)/ All Zonal Audit Officers;

11. Addl. Central P. F. Commissioner (HQ)/ (IS) – for information & necessary action;

12. Addl. Central P. F. Commissioner (HQ)/(Exemption) – for information and necessary action;

13. Addl. Central P.F. Commissioner (F&AANSU/CAIU) – for information and necessary action;

14. Officer-in-Charge, ZTI, Kolkata, Ujjain, Faridabad & Chennai & Sub-ZTI, Shillong;

15. All officers & Section in Head office;

16. Central organisation of Employers – CCI, CII, ASSOCHAM, Fl CCI & PHO;

17. Central Organisations of Employees – All Central Trade Unions. w.r.t Letter No.R-11018/ 1/ 2017 -SS-II;

18. Director (SS-II), Ministry of Labour & Employment, New Delhi;

19. Director (Budget), Ministry of Finance, D/o Economic Affairs, Budget Division. New Delhi;

20. RPFC-1 (In-Charge), National Data Centre, for uploading the orders on the EPFO website.

(Salil sankar)
Regional P. F. Commissioner – I (INVESTMENT)