The Employees Provident Fund or EPF interest rate for 2022-23 is increased to 8.15%. For FY 2021-22, it was 8.1%. Hence, the increment of 0.05%. Let us look at the past 72 years’ history of EPF interest also.
EPF forms one of the most important parts of anyone’s retirement portfolio. It is also one of the attractive debt instruments as its a fixed, safe, and tax-free returns at retirement. Hence, many try to invest more along with the default option of EPF in the form of VPF.
Before proceeding further, first, let us understand how your EPF contribution is divided. I have written a detailed post in this regard earlier (Employee Provident Fund (EPF)-Changed rules from 1st Sept 2014“. However, I will again show you in detail about your and your employer’s EPF contribution being split.
Note:- Now the EDLI is raised from earlier Rs.3 lakh to Rs.7 Lakh (EDLI Scheme 2021 – EPF Life Insurance of Rs. 7 Lakh).
