Question
Recently in March the PF interest rate on EPF reduced by
how much percent?Solution
Interest rate on employees' provident fund deposits last week was cut to a four-decade low of 8.1 per cent for the 2021-22 financial year, from 8.5 per cent in the previous year. That marked the highest EPF rate at the time since the EPFO’s inception in 1952. Since then, the EPF rate has only been lower than 8.5% in three years — 1979-80, 1980-81 and 2011-12 — when an 8.25% return was paid on balances.
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