Question
EPFO has approved 8.1% rate of interest on employees'
provident fund (EPF) deposits for 2021-22, what is the earlier rate of interest for FY 2020-21?Solution
The government has approved 8.1% 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%. In the financial year 2020-21, EPFO has decided to give 8.50% interest. Â
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