The EPF rate has been lowered to 8.1 %

For the fiscal year 2021-22, the central government has approved an 8.1 percent interest rate on employee provident fund deposits. After the Union Finance Ministry approves the interest rate, this is announced.

The Employees’ Provident Fund Organisation, or EPFO, lowered the interest rate on employee provident fund deposits to a four-decade low of 8.1 percent in March, down from 8.5 percent the previous year. This is the lowest interest rate on employee deposits to their retirement fund since 1977-78.Employee provident funds had an interest rate of 8% that year.