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

[IndiaInsurance]

https://img.etimg.com/photo/90457062.cmsThe 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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