EPF Return Decreases 8.1% lowest ever decades
in this article I am going to discuss about EPFO, today a big news came and that can affect many salaried person.
EPF Return Decreases 8.1% lowest ever decades
What is EPF ?
EPF stands for employees provident fund.
It is a fund that is created for a government employees or a salaried person in a company, it is a type of investment and in this a person gets interest on EPF investments. And this fund is regulated by EPFO.
What is EPFO ?
Ans. EPFO stands for employees provident fund organisation, and this organisation main motto is to maintain EPF balance and invest this to a place where government earn profit, and distribute it to EPF investors.
EPFO Decrease EPF Interest rate 8.65 to 8.1 % for 2021-22
This year and in future the Government decided to Decrease EPF return 8.65% to 8.1% lowest in this decade, previously this rate 8.65% but this year due to lockdown(covid 19 problem) and war situations between Russia and Ukraine it seems that Government doesn't get to much return from EPFO invested amount this became the reason of this big decision. And from now the salaried person only get 8.1% return
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