Employees Provident Fund Organisation (EPFO) has slashed the interest rate on provident fund deposits by 0.4% to 8.10% for 2021-22. Interest rate on PF deposit was 8.5% in 2020-21 and 2019-20.
This decision was taken at the 230th meeting of the Central Board of Trustees, EPF under the Chairmanship of Bhupendra Yadav (Union Minister for Labour & Employment)
EPFO: Statutory body responsible for the regulation and management of provident funds in India.
