![Centre approves 8.1% EPF Interest Rate for 2021-22, Lowest in 4 Decades Centre approves 8.1% EPF Interest Rate for 2021-22, Lowest in 4 Decades](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9PZPSKrkJ6buBgfEU_BHCctp9HJNEk_5DVVEaep-RfoB4UUd0QpVBIlryyF6K3xGbhl2XZ6eVj-x80-e4JC9jheh8L1xi3ovohYO6vk_ks5c5RcSZawTpvN4yn6C9qt8s-oXNt6OKnLNF01wCW8KNQC2ZUscYtP1sKKP9YRZmOmW-0rxIAw5HLanLuA/w320-h192-rw/EPFO.jpg)
- Employees Provident Fund Organisation had decided to lower the interest on provident fund deposits for 2021-22 to 8.1% compared to 8.5% provided in 2020-21.
- This prescribed 8.1% EPF rate of interest is the lowest since 1977-78 when it stood at 8%.
- Later it has been increased to an 8.5% interest rate on EPF deposits for 2020-21 which was decided by the Central Board of Trustees.
- The interest rate on provident fund deposits has also gone down to a seven-year low in March 2020. i.e 8.5%.
- Apart from that EPFO has also added 1.53 million subscribers in March this year, over 19% more than 1.28 million enrolled in February.
- Many experts believed that these rates should be unchanged as inflation is very high and it goes against real social security returns.
Question:
Q.1 Recently EPFO had decided to lower the interest on provident fund deposits by what percentage?a. 8.2%
b. 8.7%
c. 8.5%
d. 8.1%