EPFO Office Order: Govt Approves 8.1 Percent Rate Of Interest On Employee Provident Fund Deposits

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EPFO Update: The Central Government has approved 8.1 percent interest rate on Employees’ Provident Fund deposits for the financial year 2021-22. The order has been issued by the EPFO ​​office. Let us tell you that on March 12, the government had cut the interest on the Provident Fund. For the financial year 2021-22, the interest rates were reduced from 8.5 percent to 8.1 percent. This is the lowest EPF interest rates since 1977-78, when the interest rate on Provident Fund was kept at 8 per cent. EPFO has about 60 million subscribers.

Interest rate on EPF (Year to Year)

FY 15 – 8.75 percent
FY 16 – 8.80 percent
FY 17 -8.65%
FY 18 – 8.55 percent
FY 19 – 8.65%
FY 20 – 8.5 percent
FY 21-8.5%
FY 22 -8.10 percent

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