New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Recently in March the PF interest rate on EPF reduced by

    how much percent?
    A 0.1 % Correct Answer Incorrect Answer
    B 0.2 % Correct Answer Incorrect Answer
    C 0.3 % Correct Answer Incorrect Answer
    D 0.4 % Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Interest rate on employees' provident fund deposits last week was cut to a four-decade low of 8.1 per cent for the 2021-22 financial year, from 8.5 per cent in the previous year. That marked the highest EPF rate at the time since the EPFO’s inception in 1952. Since then, the EPF rate has only been lower than 8.5% in three years — 1979-80, 1980-81 and 2011-12 — when an 8.25% return was paid on balances.

    Practice Next

    Relevant for Exams: