IndiaInsurance
28th March 2022, 10:49 AM
https://img.etimg.com/photo/90457062.cms (https://economictimes.indiatimes.com/wealth/invest/epf-interest-rate-slashed-to-8-1-for-2021-22-can-you-still-save-enough-for-your-retirement/articleshow/90457062.cms)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 dependent on EPF contributions and its interest rate.
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More... (https://economictimes.indiatimes.com/wealth/invest/epf-interest-rate-slashed-to-8-1-for-2021-22-can-you-still-save-enough-for-your-retirement/articleshow/90457062.cms)