How to calculate interest on your EPF balance
The EPF interest is calculated every month but is deposited in an employee’s account only at the end of a financial year
Millions of salaried employees and their employers contribute to the EPF every month, which is a retirement benefit scheme
In March, the Central Board of Trustees lowered the interest rate on Employees' Provident Fund (EPF) to 8.5% for 2019-20, the lowest in seven years. However, the finance ministry is yet to notify the same.