New Delhi: The Coronavirus infection epidemic has caused huge economic losses from the general public to the industry, which everyone is pushing hard to meet. About 4.48 lakh people have lost their lives due to infection across the country so far. The pace of infection has slowed down now, but the risk is still intact. With the introduction of lockdown, locks were hung in all factories, which has deprived people of their works and are facing financial trouble.

The government has certainly come forward to help, but the economic situation is still off track. In the meantime, if your PF is being cut while working in a government or private company, this news is for you. The festive season will begin in India soon, which is being watched by all. The government offers new offers to job seekers during festivals. Meanwhile, PF account holders are likely to get the interest amount before Diwali. Interest can be input in the PF account of the employees at the rate of 8.5 per cent. According to the report, two government officials, speaking on condition of anonymity, have said that the interest EPFO can also be transferred to the account when dearness allowance comes from the government to the accounts of employees and pensioners.

The Central Board of EPFO has decided to pay 8.5 per cent interest. EPFO has sought the approval of the Finance Ministry at 8.5 per cent interest. It is likely that the Finance Ministry will put its seal on it soon. For the financial year 2020-2021, as soon as the EPFO gets an interest clearance of 8.5% from the Finance Ministry, it will transfer money to the accounts of employees and pensioners.

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