EPF interest rate for 2021-22 reduced to 8.1%—lowest since 1977-781 min read 12 Mar 2022, 12:54 PM IST
EPFO decided to lower the interest rates on PF deposits to an over four-decade low of 8.1% for its about 5 crore subscribers, from 8.5% provided in 2020-21
Retirement fund body Employees' Provident Fund Organisation (EPFO) on Saturday decided to lower the interest on provident fund deposits for 2021-22, according to the PTI news agency. The EPFO's apex decision-making body Central Board of Trustees has decided to provide an 8.1% rate of interest on the Employees Provident Fund (EPF) for 2021-22. This is the lowest since 1977-78 when the EPF interest rate stood at 8%, the news agency added.
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