Categories: Economy

Govt approves interest rate on EPF for FY21 at 8.5%

Ministry of Finance has approved the interest rate on employees’ provident fund (EPF) deposits for 2020-21 at 8.5%. The rate has been kept unchanged as for the year 2019-20. EPF is one fixed-income instrument that is completely tax-free under the exempt-exempt-exempt (EEE) regime, along with PPF and the Sukanya Samriddhi Account. Now the labour ministry will notify the interest rate for it to come into effect.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More News on Economy Here

HDFC Bank, Mastercard, DFC, USAID launched a $100 Million Credit Facility_90.1HDFC Bank, Mastercard, DFC, USAID launched $100 Million Credit Facility_90.1

AddThis Website Tools
Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

World Oceans Day 2025 Date, Theme, Significance, Threat

Every year on June 8, the world observes World Oceans Day, a United Nations-recognized event…

2 days ago

Muhammad Waseem and Chloe Tryon Named ICC Players of the Month for May 2025

The International Cricket Council (ICC) has honoured Muhammad Waseem of the United Arab Emirates (UAE)…

2 days ago

David Beckham to Be Knighted in King Charles III’s Birthday Honours

Football icon David Beckham is expected to be knighted next week as part of King…

2 days ago

RBI Raises Gold Loan LTV Ratio to 85% for Loans Below ₹2.5 Lakh

The Reserve Bank of India (RBI) has announced a major revision in its gold loan…

2 days ago

PM Modi to Attend G-7 Summit in Canada, Signaling Thaw in Bilateral Ties

Prime Minister Narendra Modi will travel to Canada next week to participate in the G-7…

2 days ago

800-Year-Old Pandya Era Shiva Temple Unearthed in Tamil Nadu

An important archaeological discovery has been made in Udampatti village of Melur taluk, Tamil Nadu,…

2 days ago