Which of the statement regarding EPFO is correct? The Employees' Provident Fund Organization (EPFO) has set the interest rate on Provident Fund Deposits for 2021-22 at 8.1%, down from 8.5% in the previous fiscal year 2020-21 The EPFO provides the rate of interest only after it has been ratified by the government through the Finance Ministry It comes under the purview of the Ministry of Labour and Employment.

Correct Answer is : all are correct

RBI Grade B Officer 28 May 2022 Paper

Question : 20 of 200

Marks: +1, -0

Which of the statement regarding EPFO is correct?

The Employees' Provident Fund Organization (EPFO) has set the interest rate on Provident Fund Deposits for 2021-22 at 8.1%, down from 8.5% in the previous fiscal year 2020-21
The EPFO provides the rate of interest only after it has been ratified by the government through the Finance Ministry
It comes under the purview of the Ministry of Labour and Employment.

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