Epf rate 2022 - Employees’ Provident Fund (EPF)
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EPF rate for 2022 slashed to 8.1%
Request you to please elaborate and help me understand the above.
Watch If the rate continues to decline, your will not be as big as you might have thought at one time.
It encourages savings as well since these funds cannot be withdrawn without a proper reason.
EPF Interest Rate History (Updated 2022) & Interest Calculation EPF Balance
Hence, the current interest rate change from the existing 8.
The modest exposure to equities may not help the corpus earn high returns.
Please note, effective from January 2021 wages February 2021 contribution until December 2021 wages January 2022 contribution , the contribution rate was reduced from 11% to 9% for employees aged under 60.
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