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The interest rate for Employees’ Provident Fund Organisation (EPFO) subscribers for 2021-22 was approved at **8.1{64145b7dba5db8f1ee93b8eefc0468b994249905d3feff6a5d4db169cc5a7983}** in June 2022, down from 8.5{64145b7dba5db8f1ee93b8eefc0468b994249905d3feff6a5d4db169cc5a7983} the previous year. The delay in crediting the interest rate is due to a software upgrade implemented by EPFO to account for tax changes introduced last year. The Finance Ministry has assured that there will be no loss of interest for any subscriber and that the interest is being credited in the accounts of all EPF subscribers.
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