Question
The government has approved _________ per cent rate of
interest on employees' provident fund (EPF) deposits for 2021-22, for subscribers of EPFO.Solution
The government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22, for subscribers of EPFO. The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent. In the financial year 2020-21, EPFO has decided to give 8.50 percent interest.
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