EPF rate cut

<!-- -->Government has approved 8.1 per cent interest rate for EPF deposits for 2021-22New Delhi: Government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22 - an over four-decade low…

NEW DELHI: The government on Friday approved lowering interest rate on employees' provident fund (EPF) to 40 year low of 8.1 per cent for financial year 2021-22. With today's reduction, the EPF interest rate is lowest since 1977-78, when it…

Finance Minister Nirmala Sitharaman acknowledged concerns about the Employees’ Provident Fund (EPF) return falling to a more than four-decade low of 8.1% in 2021-22, stressing that the decision was taken based on ‘today’s realities’, and…

Finance Minister Nirmala Sitharaman has defended the proposal to trim the interest rate paid on employees' provident fund deposits which was recently reduced to over four decades low of 8.1%. In a debate in the Rajya Sabha, the…