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