Few months back govt had increased EPF interest rate to 9.5% which made investors in EPF very happy. But recently they have considered to drop the interest rates of EPF to 8.25% . This will be one of the steepest cut on EPF rates in many decades. Officials would be meeting on Dec 23 to discuss more on this.
If EPF rates really come down to 8.25% , it would really upset a lot of people because this is happening in a condition where inflation is rising and EPF contributions are mandatory. What do you think about this EPF interest rate cut ?
If EPF rates really come down to 8.25% , it would really upset a lot of people because this is happening in a condition where inflation is rising and EPF contributions are mandatory. What do you think about this EPF interest rate cut ?