EPF Interest Rate 2020-21 | EPFO board keeps rates at 7 year low | Editorji
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EPFO keeps interest rates unchanged at 8.5% for FY-21; rate at 7-year low

Mar 04, 2021 15:03 IST | By Editorji News Desk

Even as heavy withdrawals have hit the provident fund corpus the EPFO board at its meet in Srinagar today decided to keep rates steady at 8.5% for FY'21 as per reports. The EPFO rate will have to be approved by the finance ministry to be notified. 

The EPF rate has seen a sharp drop over the years is now at a 7-year low at 8.5%

  • FY17: 8.65%
  • FY18: 8.55%
  • FY19: 8.65%
  • FY20: 8.5%

6 lakh subscribers will at least be grateful that the govt has not reduced the rate further as was the expectations before the meet. 

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