Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

The EPFO is looking at alternative authentication vis-a-vis the employee database.

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.

The total backlog or outstanding provident fund dues of the EPFO during 2018-19 was Rs 791.63 crore.

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.