Govt approves 8.5% interest rate on provident fund for FY21

IndiaTimes Friday, 29 October 2021
The government has approved 8.5 per cent rate of interest on employees' provident fund for the 2020-21 fiscal, a source said. In March last year, the EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19.

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