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COVID gloom for EPF Subscribers; Interest to be paid in installments
Posted
September 9, 2020
Views
298
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September 9, 2020
298
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2:06Now PlayingIt seems that the COVID -19 impacts are going to last for a really long time and bearing the brunt of it are the pensioners. The EPFO is to credit interest in two parts and will pay 8.5% of interest.
8.15% will be credited first and the balance will then be credited in the month of December. There is currently a shortfall in the EPFO as far as the funds are concerned because it was going to sell off some of their investment and was going to make the payment. Given the stock market and the market’s condition overall, those investments were not able to get hold and the money couldn’t be gathered.
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