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 …
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. …
Provident Fund is mainly considered as a retirement-oriented investment option, which is mandatory for an employee. However, due to the lack of Universal Account Number or UAN and PF account number and some formalities required for transfer of the EPF account, it has been found that employees don't transfer their previous EPF account to the new place of work. In …
