What does an EPF rate cut to a 44-year low mean for investors?

Even as the Reserve Bank of India’s panel on interest rates entered into a three-day huddle to decide on the next repo rate hike, the government has shocked more than 60 million private sector employees by cutting the employees provident fund rate to a 44-year low. What this has done is to further discourage hundreds of millions of Indians who swear by the safety of small savings products. Watch this report to know.