EPF interest rate slashed to 8.1% for 2021-22; can you still save enough for your retirement? - Economic Times

The Labour Ministry has recently proposed to slash the interest rate by 0.4% to 8.1% from 8.5% earlier for the FY 2021-22. The decrease in interest rate will be a big blow to salaried individuals. This is because calculations related to retirement corpus is d…

The Employees’ Provident Fund (EPF) rate has been slashed to a 43-year low of 8.1% for 2021-22, a body blow to the estimated six crore subscribers. For many of them, the EPF is the cornerstone of the… [+12997 chars]

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