2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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EPFO has lowered interest rate on provident fund deposits to a seven-year low of ____ for 2019-20?
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6.8%
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7.3%
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8.5%
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9.1%
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Explanation:
Detailed explanation-1: -In March 2020, the EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021.
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