EPF interest payout retained at 8.5% for FY2020-21

It’s estimated that more than 20 million EPFO subscribers made cumulative withdrawals of over Rs 73,000 crore until December 31, 2020 and this could rise further by the end of the financial year to surpass annual withdrawals of Rs 81,200 crore in FY19 by 16.37 million subscribers.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/invest/epf-interest-payout-retained-at-8-5-for-fy2020-21/articleshow/81327802.cms