EPF interest rate: When will subscribers receive payment?

Employees' provident fund interest rate was cut to a four-decade low of 8.1 per cent for the 2021-22 fiscal. EPF INTEREST RATE The EPFO paid 8.5 per cent interest rate to its subscribers in 2020-21, the same as in the previous year. EPF INTEREST TO SUBSCRIBERS The 8.1 per cent interest rate was recommended by the Central Board of Trustees after its meeting in Guwahati under the chairmanship of Union Labour and Employment Minister Bhupendra Yadav, a labour ministry statement said. "The Central Board recommended 8.10 per cent annual rate of interest to be credited on EPF accumulations in members' accounts for the financial year 2021-22," it said. While the labour ministry statement did not give reasons for cutting interest rate, it said, "the Employees' Provident Fund Organisation despite following a conservative approach towards investment, has consistently generated high returns over the last many years which has enabled it to distribute higher interest to its subscribers, through various economic cycles with minimal credit risk."