Reduction in interest accruals to EPFO’s beneficiaries – Mismanagement of EPFO investments
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I understand that the Employees Provident Fund Organisation (EPFO) has further reduced the interest rate on beneficiaries’ deposits from 8.5% during 2020-21 to 8.1% during 2021-22, adversely affecting more than 7 crores of EPFO subscribers (https://www.livemint.com/news/epf-interest-rate-for-2021-22-reduced-to-…).
