EPF rate slashed to 8.1%, lowest in over 4 decades

The government has given a big blow to the common man and has cut the interest on the Provident Fund. The Employees' Provident Fund Organization (EPFO) had slashed the interest on provident fund deposits for 2021-22 to more than a four-decade low of 8.1 per cent. The move comes as a major hit to the earnings of over 60 million subscribers of EPFO. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry. For a salaried person, PF is not only a companion of old age but a lifelong companion. However, the Employees' Provident Fund Organisation (EPFO) provides various other benefits to its members. Watch this special report to know more about the benefits of PF.