CBT meet on March 4 to discuss PF interest rate

By: |
February 16, 2021 5:29 AM

“The exact time and venue of the meeting will be intimated shortly,” the EPFO wrote said to the CBT members. “The agenda of the meeting will be forwarded shortly,” it said.

Since CBT’s first meeting which was held on February 5, 1953, Srinagar was never a venue for the meet.

The Central Board of Trustees (CBT), the highest decision-making body of the Employees’ Provident Fund Organisation (EPFO), will have its next meeting on March 4 in Srinagar, to discuss among other things the interest rate on provident fund deposits for 2020-21.

“The exact time and venue of the meeting will be intimated shortly,” the EPFO wrote said to the CBT members. “The agenda of the meeting will be forwarded shortly,” it said.

However, sources said the CBT may discuss the rate of interest for 2020-21 to be credited in the accounts of EPFO’s around six crore subscribers for their accumulated corpus. EPFO lowered interest rate on provident fund deposits to 8.5% for 2019-20 compared with 8.65% in 2018-19.

Since CBT’s first meeting which was held on February 5, 1953, Srinagar was never a venue for the meet. Though mostly held in Delhi, CBT meetings have been also held in Shimla, Patna, Chennai and Mumbai in the past. Headed by the labour minister, CBT has around 40 members.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1New to mutual funds? Here is how you can start investing in MFs
2How health insurance can keep your financial planning journey on the track
3Investing in digital gold? Keep these important things in mind