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.