The government has approved 8.1 per cent rate of interest on employees’ provident fund (EPF) deposits for 2021-22.
It is four-decades low for about five crore subscribers of retirement fund body Employees’ Provident Fund Organisation (EPFO).
Earlier in March this year, EPFO had decided to lower the interest on provident fund deposits for 2021-22 to 8.1 per cent from 8.5 per cent provided in 2020-21.