FM Nirmala Sitharaman On EPF Rates, Reduced From 8.5% To 8.1%; Reflects Today's Realities

Finance Minister Nirmala Sitharaman responded to concerns regarding the EPF return falling from 8.5% to 8.1% in 2021-22. She said, "EPFO has a central board which is the one which takes the call on what rate has to be given and they have not changed it for quite some time. They have changed it now to 8.1 per cent." Further responding to the Appropriation Bill Debate in the parliament, she said, "It has yet to come to the Finance Ministry for approval, but the fact remains that these are the rates that are prevailing today and it is still higher than the rest of the (instruments).” Watch the video to know more.
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