EPF profits Rs 5.5 billion

KATHMANDU: The Employees’ Provident Fund (EPF) reported a profit of Rs 5.5 billion in the fiscal year 2021/22.

EPF has distributed a record amount of Rs 4.6 million from its total profits among the depositors, marking the highest amount distributed by the organization so far.

The practice of distributing profits among depositors began in the fiscal year 2008/09.

EPF has also been providing low-interest loans to its depositors. In 2021/22, the interest rate charged on special borrowings was the lowest ever, at 7.6%.

The organization has been depositing interest income earned by the depositors directly to their accounts. EPF claims that the total interest income distributed to depositors is higher than its interest income collected from borrowers.

EPF allocates its net profits to different categories, including Depositors Welfare Fund, Profit Sharing Fund, and Reserve Fund.