New Delhi: The Employees’ Provident Fund Organisation (EPFO) today decided to pay 8.1 per cent rate of interest on provident fund deposits for the current financial year 2021-22.
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation in its meeting in Guwahati has recommended 8.10 per cent interest rate for its subscribers for financial year 2021-22. This is the lowest interest rate in at least four decades.
The board’s recommendation will be sent to Finance Ministry soon. There are around five crore subscribers of Employees Provident Fund Organisation (EPFO).
The Central Board of Trustee, which is a key decision-making body for EPFO, takes a call on the interest rates, that have to be provided on the provident fund deposits, every year.