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In comparison to other fixed-income instruments, EPF is the most attractive bet.
Retirement fund body Employees' Provident Fund Organisation (EPFO) on March 4 maintained interest rate of 8.5% for 2020-21
There is a possibility of a decision on interest rates for the FY20-21 following the CBT meeting on March 4
If any amount is withdrawn during the current financial year, then the interest amount is taken from the beginning of the year to the month immediately before the withdrawal
With the government looking to bring more people under social security net, it may take a decision on increasing the Basic pay ceiling
"There can always be a discussion on the Rs 2,5 lakh limit. I can go back and review it. But it is a matter of principle. We are only touching those who are putting far more (in EPF) than what an average Indian's earnings is per month," she said
The government is going to give 24% EPF subsidy
The retirement fund body has said it will not allow major corrections in member profiles in online mode
Speculation is rife that the EPFO may lower interest on provident fund deposits for this fiscal (2020-21), from 8.5% it provided for 2019-20
A decision related to the rates may be taken at the meeting of the EPFO central board of trustees scheduled to be held on March 4