2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
7.2%
|
|
|
7.8%
|
|
|
8.65%
|
|
|
8.42%
|
Detailed explanation-1: -In March 2020, the EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20, from 8.65% in 2018-19.
Detailed explanation-2: -Revised EPF Interest Rate for 2019-20 : Lowered by 0.15% Earlier in the year 2016-17 and 2018-19, the EPFO had given an 8.65% rate of interest to the subscribers.
Detailed explanation-3: -8.1% EPF interest rate approved for 2021-2022, amount to be credit soon; Here’s how to check EPF balance.
Detailed explanation-4: -It should be noted that the current proposed PF Interest Rate for FY 2021-22 at 8.1% is the lowest of the interest rates paid by EPFO since 1977-78, i.e. at 8.5% (FY 2019-20 and 2020-21), 8.65% (FY 2018-19), 8.55% (FY 2017-18), 8.65% (FY 2016-17), and so on.
Detailed explanation-5: -Employees’ Provident Fund (EPF) interest rate has been set at 8.1 per cent for 2021-22.