The interest rate on provident fund deposits reduced to 8.1 percent, the opposition attacked the Modi government

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The Employees’ Provident Fund Organization (EPFO) on Saturday decided to reduce the interest rate on provident fund (EPF) deposits to 8.1 percent for the financial year 2021-22. This is the lowest interest rate in the last four decades. In 2020-21, this rate was 8.5 percent. At the same time, the opposition parties have come out against this decision of the government. The leaders of the opposition are criticizing the Modi government regarding this.

Randeep Singh Surjewala targeted

Congress leader Randeep Singh Surjewala has to say on this decision that, ‘The income of 84% of the people of the country has decreased. Is it right to attack the savings of crores of employees on the basis of electoral victory? EPFO has reduced the interest rates on PF deposits to the lowest level in ten years. Is this the “return gift” of BJP’s victory?

jayant chaudhary attack

RLD national president Jayant Chaudhary has also given his reaction on this decision of the government. He wrote on Twitter, ‘Interest rate for 2021-22 has become 8.1 percent (minimum level of 10 years). A blow to the salaried people in the era of inflation.

Narendra Modi attack on

Congress spokesperson Supriya Shrinet has tweeted on this decision saying, ‘The interest rate on EPFO ​​has come down to 8.1% for the financial year 2021-22, which is at the lowest level of 10 years. First unemployment, then low income and inflation, now dacoity on provident fund.. Wow Modi ji.

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