In a 2015 government directive, the Employees' Provident Fund Organisation EPFO has moved 100 crore from its unclaimed funds to the Senior Citizens' Welfare Fund with the intent to transfer 100 crore from its unclaimed funds. The proposal will be taken up by the central board of trustees of EPFO at its upcoming meeting on Saturday, people familiar with the development told ET.As per the finance ministry notification issued in 2015, savings that remain unclaimed in EPF and PPF accounts and other small savings schemes for seven years will have to be diverted to the Senior Citizen's Welfare Fund. The proposal to transfer unclaimed funds to the senior citizens' funds is expected to face resistance from the trade unions. We will look at the proposal to shift part of the unclaimed money. A representative of a national trade union said on condition of anonymity that it was not unclaimed money but rather unsettled money and should therefore remain with the EPFO. Another person said the board will decide on the interest rate for 2021 -- 22. According to the people, the interest rate could be kept at the 2020 -- 21 level of 8.5% or marginally lowered to 8.35 - 45% based on recent volatility in the stock market after the Russia-Ukraine conflict. We would like to keep the interest rate at 8.5%. A member of the Finance Investment and Audit Committee, who did not wish to be identified, said that the impact of Russia-Ukraine war on the stock market could affect the income calculations and thus the interest rate on PF deposits for 2021 -- 22, as well as the impact of the Russia-Ukraine war on the stock market.