EPF Interest Rate For 2021-2022 Slashed to 8.1%, Lowest in a Decade
Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers.
Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. This is the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.
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EPFO fixes 8.1 pc as rate of interest on EPF deposits for 2021-22: Sources
— Press Trust of India (@PTI_News) March 12, 2022
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(The above story first appeared on LatestLY on Mar 12, 2022 12:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
