The Organization de la Caisse de Prévoyance des Employees (EPFO) has announced that the interest rate on EPF deposits for 2020-2021 will remain at 8.5%, the same as in 2019-2020. Among the fixed income instruments guaranteed by the State, the EPF pays the highest interest (see table). In addition to offering high yields, EPF also provides considerable liquidity.
Subscribers can withdraw the entire EPF corpus when they retire or when they have been unemployed for more than two months. Partial withdrawals may also be made in certain circumstances. Conditions for partial withdrawal EPF allows a …
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First published: Sat, Mar 6, 2021. 6:10 AM IST