{"id":226574,"date":"2020-03-05T18:16:37","date_gmt":"2020-03-05T12:46:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=226574"},"modified":"2020-03-05T18:16:37","modified_gmt":"2020-03-05T12:46:37","slug":"interest-rates-on-employee-provident-fund-has-been-reduced-to-8-05","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/05\/interest-rates-on-employee-provident-fund-has-been-reduced-to-8-05\/","title":{"rendered":"Interest rates on Employee Provident Fund has been reduced to 8.05%"},"content":{"rendered":"

As reported by media,<\/p>\n

Employees’ Provident Fund Organisation (EPFO) will pay interest at the rate of 8.5 per cent for the current financial year.<\/p>\n

This is lower than the 8.65% interest rate given on employees’ provident fund (EPF) deposits for the previous financial year 2018-19.<\/p>\n

Central Board of Trustees (CBT) of Employees Provident Fund Organisation (EPFO) has recommended an interest rate of 8.5 per cent on provident funds for Financial Year 2019-2020.<\/p>\n

\n

[Economic Times]<\/p>\n","protected":false},"excerpt":{"rendered":"

As reported by media, Employees’ Provident Fund Organisation (EPFO) will pay interest at the rate of 8.5 per cent for the current <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[30711,30754,39879],"class_list":["post-226574","post","type-post","status-publish","format-standard","hentry","category-business_news","category-news","tag-epf","tag-epfo","tag-interest-rates"],"yoast_head":"\nInterest rates on Employee Provident Fund has been reduced to 8.05% | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/05\/interest-rates-on-employee-provident-fund-has-been-reduced-to-8-05\/\" \/>\n<meta property=\"og:locale\" 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2024","format":false,"excerpt":"by Anupm Prakash* and Kirti Talreja**","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"Treatment of Interest and Damages","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/09\/Treatment-of-Interest-and-Damages.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/09\/Treatment-of-Interest-and-Damages.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/09\/Treatment-of-Interest-and-Damages.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/09\/Treatment-of-Interest-and-Damages.webp?resize=700%2C400&ssl=1 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Members will continue to have the choice of withdrawing the entire amount,\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/EPFO_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/EPFO_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/EPFO_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/EPFO_1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/11\/EPFO_1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":218782,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/29\/breaking-centre-proposes-reduction-in-employees-provident-fund-contribution\/","url_meta":{"origin":226574,"position":3},"title":"Breaking | Centre proposes reduction in Employees’ Provident Fund contribution","author":"Bhumika Indulia","date":"August 29, 2019","format":false,"excerpt":"As reported by money control, Ministry of Labour and Employment has recommended reducing\u00a0the contribution made by employees towards the Employees\u2019 Provident Fund (EPF). 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