PF Rate For 2021-22 Slashed To 8.1% From 8.5%, Four-Decades Low: Sources

Employees' provident fund interest rate for 2021-22 has been slashed from the existing 8.5 per cent to 8.1 per cent

Employees' provident fund interest rate for 2021-22 has been slashed from the existing 8.5 per cent to 8.1 per cent for 2021-22 on Saturday. This is the lowest rate since 1977-78, when it was 8 per cent, labour ministry sources said.

There are around five crore subscribers of employees provident fund organsation (EPFO).

The decision was taken during the meeting of the EPFO's central board of trustees, which was held in Guwahati.

The board's recommendation will be sent to finance ministry soon.