New Delhi: Interest rate on employees’ provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year, sources said. This is the lowest interest rate since 1977-78 on deposits that employees make towards their retirement […]
It stated that year on year comparison of payroll data shows 24 per cent growth for December 2020, indicating return to the pre-Covid levels of subscriber growth for the EPFO.