1542742405 2206

The Organization of Employees Provident Fund (EPFO) may reduce its interest rate by 15 basis points 8.5% in FY20. The issue is likely to be discussed at the board's Central Board (CBT) meeting. On March 5, The Economic Times

This means that salaried employees will receive lower returns for the fiscal year March 31, 2020. Offer 8.65% interest subscribers in 2018-19.

The report said that the Financial Investment and Audit Committee (FIAC) will conduct a final conference call on the yield of PF deposits before the CBT meeting, depending on the exact income of the retirement fund agency.

of 85% of its annual accrued profits are invested in debt markets and 15% are invested in stocks through exchange-traded funds At the end of March last year, EPFO's cumulative investment in stocks was Rs 74,324 crore, with a return of 14.74%.

See also  The fastest wireless charging phone