EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons
India TV NewsEPF Interest Rate 2021-22, EPF Interest Rate Cut: The Employees’ Provident Fund Organisation, responsible for regulation and management of provident funds in the country, has cut the interest rate on EPF to a 40-year-low of 8.1 per cent for the financial year 2021-22, causing more pain to the salaried class at a time when inflation is at an 8-year-high. A quick comparison between the interest rate on the government's small savings schemes and EPF shows that the latter is a lucrative destination to park funds for a fixed return. EPF vs PPF, SCSS Schemes like Public Provident Fund, Sukanya Samriddhi, Senior Citizen Savings Scheme, State Bank of India's ten-year fixed deposit, Post Office saving schemes like Time Deposit Scheme, Monthly Income Scheme, savings certificates like the National Savings Certificate and the Kisan Vikas Patra are time-tested and considered to be safe mode of investments. EPF Historical Returns In FY 1952-53, EPF interest rate was 3% which gradually increased to 8% in 1977-78 and then 12% in 1991-92.