News > EPFO cuts interest rate to 8.1% for 2021-22
EPFO cuts interest rate to 8.1% for 2021-22
12/03/2022 02:02 PM | Click to read full article
The Employees’ Provident Fund Organisation (EPFO) on Saturday decided to pay 8.1 percent rate of interest on provident fund deposits for the current financial year 2021-22, down from 8.5% in FY21.
This is lowest in at least a decade and half, and likely to disappoint over 60 million of its salaried class subscribers.