EPF retirement saving will have an increase interest with EPFO exit policy

EPFO retirement fund body decided to bring exit policy. Earlier EPFO said about providing 8.65% interest on EPF. But Employees’ Provident Fund Organisation has plans. These plans are to liquidate investments. In addition, these investments are in ETFs or Exchange traded funds.

Other investments of EPFO

Apart from above, government securities, state loans are part of this. Currently there is no exit policy of EPFO. It is so because investment is in government securities. Moreover, government securities have maturity window.

Central Board of Trustees (CBT) meeting

On 12th April there was meeting of EPFO CBT. Furthermore, Chairman and Labour Minister Bandaru Dattatreya discussed this. Hence, he told that there are plans for exit policy. In addition, management institute from Bengaluru is framing exit policy. Labour Ministry will therefore get blueprint of exit policy.

Advantages of exit policy of EPFO

Because of exit policy of EPFO. There will be many options to increase returns on investments. Moreover, EPFO can sell bonds. They can sell them in open market. Therefore, they will earn huge margin. Finally, this will be before maturity. Even recently EPFO ETF investment hike postponed.

It is now to see what changes will come. As EPFO and CBT members discuss different things. Thus, we must wait for some more time before final decision.

In addition, there was hike in EPFO PF linked life insurance. This hike was up to Rs. 2.5 lakh. Similar to these there are many other changes. Another one is EPOF housing scheme loan. In this way, EPFO helps EPFO members.

Check details

Even before increasing interest on EPFO retirement saving. The retirement body brought many changes. One of them is check EPF balance by UAN number. Hence, Labour Ministry is trying different ways to help people.

Because they announced UAN login EPFO member portal as well. Thus, members of EPF will benefit. Now we must wait for some time. As till then final decision will announce. Therefore, we will know EPF interest increase of EPFO exit policy.

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