Lowest EPF Rate In 43 Years, But Govt Says Returns Getting Higher Than Retail Inflation Rate
2 years, 9 months ago

Lowest EPF Rate In 43 Years, But Govt Says Returns Getting Higher Than Retail Inflation Rate

ABP News  

EPF Rate Cut: For 2021-22, the Central Board of Trustees has decided to reduce the EPF rate to 8.1 percent, which is the lowest EPF rate in 43 years. Defending the EPF rate cut, Finance Minister Nirmala Sitharaman said in the Rajya Sabha that the rate was dictated by today's realities where interest rate on other small saving instruments was even lower. READ | EPFO Interest Rate Better Than Other Schemes, Reflects Today's Realities, Says Nirmala Sitharaman Interest On EPF More Than Inflation Tate According to the Labour Ministry, the retail inflation rate in 2012-13 and 2013-14 was higher than the EPF rate. In 2012-13, the retail inflation rate was 9.90 percent, which was getting 8.50 percent interest on EPF. The Labour Ministry said that the real rate of interest on EPF since 2014-15 was positive as the interest rate on EPF had been higher than the retail inflation rate that has benefited the consumers.

Retail Inflation Interest Saving Rate Scheme Interest Rate Retail Inflation Epf Retail Inflation Rate Returns Getting  43  lowest  labour  epf  schemes  scheme  retail  interest  saving  reduce  rate  returns  getting  inflation  higher  govt

History of this topic

EPF interest hiked to 3-year high of 8.25%
10 months, 1 week ago

EPF interest hiked to 3-year high of 8.25%

Deccan Chronicle  

New Delhi: Ahead of general elections, the interest rate paid on employee provident fund was on Saturday hiked to 8.25 per cent for fiscal year ending March 31, the highest in three years.The central board of trustees of the Employees' Provident Fund Organisation recommended to the finance ministry for raising the interest rate for nearly 8 crore contributing subscribers, the …

EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years
10 months, 2 weeks ago

EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years

India TV News  

Retirement fund body Employees' Provident Fund Organisation has hiked the interest rate on deposits to 8.25 per cent from 8.15 per cent. In March 2023, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.15 per cent for 2022-23 from 8.10 per cent in 2021-22. The 8.5 per cent interest rate on EPF deposits for …

Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 4 months ago

Centre ratifies 8.15% interest rate on EPF for 2022-23

Deccan Chronicle  

New Delhi: The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As …

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%
1 year, 5 months ago

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%

Hindustan Times  

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per an …

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23
1 year, 8 months ago

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

India Today  

The retirement body fund Employees Provident Fund Organisation on Monday fixed the employees’ provident fund for 2022-23 at 8.15 per cent, reported news agency PTI quoting sources. The fresh rate is 0.5 per cent higher than the 8.1 per cent interest rate EPFO had declared for 2021-22, which also was the lowest in almost four decades. “The Employees’ Provident Fund …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by March 28
1 year, 8 months ago

EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by March 28

The Hindu  

The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund deposits for 2022-23 at its two-day meeting beginning Monday. "The Employees' Provident Fund Organisation's apex decision-making body Central Board of Trustees is likely to decide the rate of interest on EPF for 2022-23 at its two-day meeting beginning on Monday afternoon," a source …

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today
1 year, 8 months ago

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today

News 18  

The interest rate on the employees’ provident fund is likely to be revised, even as the retirement fund body EPFO’s board meets on Monday. According to an ET report recently, the government might peg the interest rate on PF deposits at about 8 per cent for the financial year 2022-23, as compared with 8.1 per cent currently. For 2021-22, the …

EPF Interest 2021-22, Trustees Flag Non-Credit Issue; Check Latest Update
1 year, 10 months ago

EPF Interest 2021-22, Trustees Flag Non-Credit Issue; Check Latest Update

News 18  

Retirement fund body EPFO’s trustees, including those representing employers as well as workers, have raised the issue of non-credit of interest on employees’ provident fund for 2021-22 even after its ratification in June last year. The Employees Provident Organisation’s Central Board of Trustees, headed by Union Labour Minister Bhupender Yadav, in March 2022 approved an 8.1 per cent rate of …

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports
2 years, 2 months ago

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports

Firstpost  

The finance ministry said earlier this month that the interest amount is being credited into subscribers’ accounts and if it wasn’t apparent in the account statements, it was because the EPFO software is being upgraded Good news for EPFO subscribers! The interest is expected to be credited into subscribers’ accounts by the end of this month, according to media reports. …

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons
2 years, 6 months ago

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons

India TV News  

EPF 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 …

Govt Approves 8.1 Per Cent Interest Rate On EPF Deposits For 2021-22, Lowest In Four Decades
2 years, 6 months ago

Govt Approves 8.1 Per Cent Interest Rate On EPF Deposits For 2021-22, Lowest In Four Decades

ABP News  

New Delhi: The central government has approved 8.1 per cent rate of interest on employees' provident fund deposits for 2021-22, an over four-decade low, for about five crore subscribers of retirement fund body EPFO, reported by the PTI. Earlier in March this year, the Employees' Provident Fund Organisation had decided to lower the interest on provident fund deposits for 2021-22 …

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22
2 years, 6 months ago

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22

Firstpost  

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent New Delhi: The government has approved 8.1 per cent rate of interest on employees’ provident fund deposits for 2021-22 – an over four-decade low – for about five crore subscribers of retirement fund body EPFO. Earlier in March this year, …

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78
2 years, 6 months ago

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78

News 18  

The government has approved a four-decade-low interest rate of 8.1 per cent on employee provident fund deposits for 2021-22, according to news agency PTI quoting an EPFO office order. The retirement fund body had in March decided to pay an 8.1 per cent rate of interest on the provident fund deposits for the financial year 2021-22, against 8.5 per cent …

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman
2 years, 9 months ago

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman

Firstpost  

She said the decision to lower interest rate was taken by the central board of the provident fund managing body, EPFO, which has representatives of all stakeholders including employees’ unions New Delhi: Finance Minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees’ provident fund deposits to over four-decade low of 8.1 per cent, saying …

EPF interest rate: When will subscribers receive payment?
2 years, 9 months ago

EPF interest rate: When will subscribers receive payment?

India Today  

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 …

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades
2 years, 9 months ago

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades

Hindustan Times  

The latest reduction in Employees' Provident Fund Organisation's interest rate is a "return gift" by the Bharatiya Janata Party to people after it secured a record win in the recently concluded assembly elections in five states, Congress general secretary and chief spokesperson Randeep Surjewala said on Saturday. "The EPFO has reduced the interest rate on PF deposits to the lowest …

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings
2 years, 9 months ago

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings

The Hindu  

The return on workers’ retirement savings parked with the Employees’ Provident Fund Organisation has been slashed to 8.1% for 2021-22 from the 8.5% rate credited to EPF members’ accounts in the last two years. The EPFO’s income from investments this year stood at ₹76,768 crore from about ₹70,000 crore in 2020-21, when it had paid out 8.5% to EPF accounts. …

Retirement fund body EPFO sets interest rate at over four-decade low of 8.1% for 2021-22
2 years, 9 months ago

Retirement fund body EPFO sets interest rate at over four-decade low of 8.1% for 2021-22

India Today  

The retirement fund body EPFO has set the interest rate on provident fund deposits for 2021-22 at 8.1 per cent, which is the lowest it has been in more than four decades. "The Employees' Provident Fund Organisation's apex decision-making body Central Board of Trustees has decided to provide 8.1 per cent rate of interest on Employees Provident Fund for 2021-22 …

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22
2 years, 9 months ago

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22

Firstpost  

This is the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. New Delhi: The interest rate on employees’ provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year, sources said. The EPFO paid 8.5 …

Employees' Provident Fund interest rate slashed from 8.5% to 8.1%
2 years, 9 months ago

Employees' Provident Fund interest rate slashed from 8.5% to 8.1%

Hindustan Times  

Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. The Employees' Provident Fund Organisation office This is the lowest since 1977-78, when the EPF interest rate stood at …

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More
2 years, 9 months ago

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More

News 18  

EPF interest rate 2021-22: The Employees’ Provident Fund Organisation on Saturday decided to pay 8.1 per cent rate of interest on provident fund deposits for the current financial year 2021-22, sources told CNBC-TV18. The rationale behind this recommendation is we want to strike a balance between the safety of EPF corpus with high returns and we will look for well …

EPFO to take call on interest rate for 2021-22 in March
2 years, 10 months ago

EPFO to take call on interest rate for 2021-22 in March

India TV News  

EPFO's apex decision-making body Central Board of Trustee will take a call on interest rate on employees' provident fund deposits for 2021-22 in its meeting next month. Asked whether EPFO would maintain the 8.5 per cent interest rate for 2021-22 as decided for 2020-21, Yadav, who also heads the CBT, said the decision would be taken on the basis of …

EPF interest to be credited soon as govt gives nod: Report
3 years, 1 month ago

EPF interest to be credited soon as govt gives nod: Report

Live Mint  

The Finance Ministry on Friday approved 8.5% rate of interest of provident fund deposit for 2020-21 paving way for the Employees' Provident Fund Organisation to credit the interest, reported news agency PTI citing sources. The retirement fund regulatory body kept the EPF interest rate unchanged for FY 2020-21 as there was more withdrawal than deposits during the entire financial year. …

EPFO fixes interest rate on EPF deposits at 8.5% for 2020-21: Sources
3 years, 9 months ago

EPFO fixes interest rate on EPF deposits at 8.5% for 2020-21: Sources

India Today  

The Employees’ Provident Fund Organisation has fixed the rate of interest on provident fund deposits at 8.5 per cent for the financial year 2020-21, sources in the government have said. The decision to fix the EPFO interest rate at 8.5 per cent was taken in the backdrop of an economic slowdown due to coronavirus pandemic that forced the Indian economy …

EPFO Keeps Interest Rate Unchanged at 8.5% for FY-21 on Provident Fund Deposits
3 years, 9 months ago

EPFO Keeps Interest Rate Unchanged at 8.5% for FY-21 on Provident Fund Deposits

News 18  

The Employees’ Provident Fund Organisation has maintained 8.5 per cent interest for 2020-21, the same rate fixed for the last fiscal 2019-20. Last year, in March, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 percent for 2019-20, from 8.65 percent in 2018-19. Budget 2021 has proposed to restrict tax exemption for interest …

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income
4 years, 3 months ago

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income

Firstpost  

An instalment of 8.15% will be paid for now, and the remaining 0.35% will be credited by December New Delhi: Retirement fund body EPFO on Wednesday decided to provide 8.5 per cent rate of interest on employees’ provident fund for 2019-20 as committed earlier. In March this year, Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees …

EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20
4 years, 3 months ago

EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20

News 18  

The issue of delay in ratification of 8.5 per cent rate of interest for employees provident fund for 2019-20 is likely to be raised in the meeting of retirement fund body EPFO scheduled on Wednesday. The Employees' Provident Fund Organisation's apex decision making body Central Board of Trustees, headed by Labour Minister Santosh Gangwar, had on March 5 this year …

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