EPFO Employees Get big Gift on Diwali, Double Bonus

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EPFO Employees

The government has given the biggest gift to employees of Employees Provident Fund Organization (EPFO) before Diwali. 60 days Diwali bonus will be given to ‘B’ and ‘C’ category employees of EPFO. Notification has been issued by the Ministry of Labor regarding this. According to the notification, employees of Group B and Group C will be given a 60-day bonus under the Productivity Linked Bonus (PLB) scheme.

This much bonus

The government has decided to give 60 days bonus. It is believed that each employee will get a bonus of Rs 7000 on average. These bonuses are withdrawn under a formula. Under the Productivity Linked Bonus, 25% of the amount will go to the employee’s salary account and the rest to the PF account.

Shareholders are also getting interest

EPFO has started getting more than six crore members in interest PF (PF) accounts at the rate of 8.65 percent for the financial year 2018-19. Going to do. EPFO is paying 8.65 percent interest for 2018-19 under provident fund withdrawal claims. At the same time, interest was paid at 8.55 percent interest rate on EPF deposits for the financial year 2017-18.

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