The issue of delay in ratification of 8.5% rate of interest for employees provident fund for 2019-20 is likely to be raised in the EPFO meeting scheduled on September 9.
In March, the interest rate on employees provident fund was reduced by 0.15% to a seven-year low of 8.5%.
Later, the decision was communicated to the finance ministry for concurrence. The EPF interest rate can be credited into the accounts of over six crore subscribers only after the finance ministry's nod.