EPFO board to meet this month, unlikely to cut rates below 8%
Business Standard|March 08, 2023
A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25.
EPFO board to meet this month, unlikely to cut rates below 8%

A letter from the social security organisation regarding the convening of the 233rd CBT meeting was sent to all the board members last week, soliciting their presence in the meeting.

Although the venue and the agenda haven't been drawn out yet, sources familiar with the matter say that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe.

Besides, the issue of higher pension and the smooth implementation of the November 4 Supreme Court order along with the difficulties that pensioners are facing in accessing the pension portal is also likely to feature in the two-day meeting.

This story is from the March 08, 2023 edition of Business Standard.

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This story is from the March 08, 2023 edition of Business Standard.

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