DECLARATION OF RATE OF INTEREST FOR THE EPF MEMBERS ACCOUNT FOR THE YEAR 2021-22

he Employees Provident Fund Organisation has slashed interest rate on provident fund deposits to 8.1% for 2021-22 from 8.5% credited in 2020-21 and 2019-20. This is the lowest in more than four decades. EPFO had credited 8.0% as interest rate in 1977-78. Since then, it has been either 8.25% or more. The interest rate of 8.1% has been declared based…