EPF Rate of 8.1% for 2021-22 Approved by Government
The central government on Friday approved 8.1 per cent rate of interest on employee provident fund (EPF) deposits for 2021-22
The central government on Friday approved 8.1 per cent rate of interest on employee provident fund (EPF) deposits for 2021-22, according to an EPFO office order. The Employees’ Provident Fund Organisation (EPFO) had in March proposed to cut the interest rate on provident fund deposits from 8.5 per cent to 8.1 per cent for 2021-22. This is the lowest interest rate on deposits in the past four decades, and is set to impact 60 million subscribers.
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Govt approves 8.1 pc rate of interest on employee provident fund deposits for 2021-22: EPFO office order
— Press Trust of India (@PTI_News) June 3, 2022
(The above story first appeared on LatestLY on Jun 03, 2022 06:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
