Employees' Provident fund interest settles at 8.1% for 2021-22, lowest in over one decade

The Employees' Provident Fund Organisation (EPFO) on Saturday decided to pay 8.1 percent rate of interest on provident fund deposits for the current financial year 2021-22. This is lowest in over one decade and likely to dissapoint over 60 million of its salaried class subscribers.

"The central board has declared 8.1 percent interest rate keeping in view and taking into account its income of Rs. 76,768 crore," a CBT member said as the meeting is underway. Last fiscal, this interest rate was 8.5 percent.