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?

A 8.50 % Correct Answer Incorrect Answer
B 8.55 % Correct Answer Incorrect Answer
C 8.90 % Correct Answer Incorrect Answer
D 9.05 % Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

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.  

Practice Next
×
×