EPFO: Big news for 6 crore employees. The Employees’ Provident Fund Organization (EPFO) on Saturday decided to charge 8.1 percent interest rate on Provident Fund deposits (PF) for the current financial year 2021-22. In the last financial year, this interest rate was 8.5 percent. This is the lowest in a decade. Let us tell you that this news can disappoint about 6 crore salaried employees.
what the board said
A member of the CBT said that the meeting of the Employees’ Provident Fund Organization is going on. The Central Board has announced an interest rate of 8.1 percent keeping in mind its income. Let us inform that on March 11-12, a meeting of the EPFO Board is going on in Guwahati, where a decision has been taken to reduce the interest rate on PF.
Possible proposals to be presented in the meeting
Update released…