ArthNivesh | Newsletter

Volume 9: Issue 13

The Employees Provident Fund Organisation (EPFO) is an Indian government agency responsible for overseeing the Employees’ Provident Fund (EPF) scheme, a retirement benefit program for employees in the organized sector. In the fiscal year 2021-22, the EPFO reduced the interest rate from 8.5% to 8.1%, impacting the returns earned by EPF account holders. The decision to lower the interest rate was influenced by various factors, including global economic uncertainty brought about by events such as the Russian invasion of Ukraine and market volatility in India.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ArthNivesh Newsletter V3, Issue 24

The newsletter covers insights about litigation financing, its purpose, arrangement, and beneficiaries....

ArthNivesh Newsletter V3, Issue 23

The newsletter covers insights on House Rent Allowance (HRA), detailing its deductions...

ArthNivesh Newsletter V3, Issue 22

Volume 3: Issue 22 This newsletter discusses essential aspects of personal finance,...

Arthnivesh Newsletter: V3, Issue 21

Volume 3: Issue 21 This article provides information on the concept of...