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.
There is great news for EPFO members. There may be a big increase in the pension amount of pensioners soon. According to media reports, the Modi government can soon increase the minimum pension amount given to PF account holders. . A meeting of the Central Board of Trustees of EPFO has also been held on November 20, although the final decision is yet to be taken. Apart from this, what should be the interest rate of the pension fund for 2021-22 and the current 8.5 percent on the amount deposited in EPF. A decision can also be taken regarding the issue of interest rate.
In fact, the central trade unions are adamant on the demand to increase the minimum pension. The demand of pensioners is that the minimum pension of 1000 rupees is very less, it should be increased to 6000 rupees. In such a situation, it is believed that the Central Board of Trustees (CBT meeting) can increase up to Rs 3,000. Under this, 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. At present it is under consideration. By the way, a meeting was to be held on November 16, 2021 in this regard, which has been postponed for the time being and a meeting of the Central Board of Trustees (CBT) has also been held in this regard on November 20, although the final decision is yet to be taken.
If this happens, then there will not only be a good increase in pension but it will also prove to be a big relief for the pensioners before the coming year. 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. Let us inform that before this, the last meeting of the CBT was held in Srinagar in March, in which the CBT had recommended 8.5 percent annual interest rate on PF deposits in the accounts of members for 2020-21, which was recently approved by the Ministry of Finance ( The Finance Ministry has approved and 6.5 crore account holders have started getting its benefits.