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EPF rates hiked to 8.15% for FY24: Is 5 bps hike justified given inflation, repo rates trends?

EPF rates continue to linger at multi-decadal lows which is out of sync with inflation and repo rates in terms of historic trends. Both inflation and repo rates can be used as benchmarks to gauge how EPF rates have trended over the years.
Employee Provident Fund Organisation Ministry Of Labour Employment Interest Rate On Employees Fund Deets Financial Year Provident Fund Organisation Employees Fund Deets

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Retirement Fund Body EPFO Cuts Interest Rates To Lowest In Over 40 Years: 10 Points

Employees' Provident Fund Organisation (EPFO) has reduced interest rates to the lowest in more than 40 years for the current financial year. On Saturday, the retirement fund body had decided to reduce the interest on provident fund (PF) deposits for 2021-22 to 8.1 per cent from 8.5 per cent in the previous fiscal, 2020-21.
Retirement Fund Body Central Board Of Trustees Ministry Of Labour Interest Rates To Lowest In Over Point Cheatsheet To This Big Story Central Board
Source: ndtv.com

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