Before the new year, there is big news about pension for pensioners. The Modi government of the Center can increase the minimum pension amount of PF account holders of Employees Provident Fund Organization (EPFO) up to 3000.
It is reported that the Central Board of Trustees of EPFO is going to meet at the end of November in this regard, in which this big decision can be given a green signal, if this happens, then the increase in pension will prove to be a big relief for the pensioners before the coming year.
According to media reports, the central trade unions have demanded to increase the minimum pension to Rs 6,000, so it is believed that the Central Board of Trustees (CBT meeting) can increase it to Rs 3,000, although The decision is yet to be made. A meeting in this regard was to be held on November 16, which has been extended, it is currently under consideration. Along with this, a decision can also be taken on the interest rate of the pension fund for 2021-22.
It is believed that the current interest rate of 8.5 percent on the amount deposited in EPF may continue. There is little chance of any change in the current interest rate. Earlier, the last meeting of the CBT was held in March in Srinagar, in which the CBT recommended an interest rate of 8.5 percent per annum on PF deposits in the accounts of members for 2020-21. Which has recently been approved by the Finance Ministry and 6.5 crore account holders have started getting its benefits.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
