For the best experience use inshorts app on your smartphone
Interest rate on EPF deposits reduced to 8.1% for 2021-22, lowest in 44 years
The Employees' Provident Fund Organisation (EPFO) has lowered the interest rate on provident fund deposits for 2021-22 to 8.1% from 8.5% in 2020-21. This is the lowest since 1977-78, when the EPF interest rate was 8%. The decision was taken at the 230th meeting of the Central Board of Trustees Employees' Provident Fund.
read more at PIB