According to the Ministry of Finance, the Employees’ Provident Fund Organisation (EPFO) delayed in crediting EPF interest due to software for FY22 and there is no loss of interest for any member. The Finance Ministry has clarified that there is no loss of rate of interest for subscribers of Employees’ Provident Fund Organisation (EPFO) and the delay in crediting the rate of interest for FY22 is because of software program upgradation being performed as a result of tax tweaks introduced last year. “There is no loss of interest for any subscriber. EPFO members are unable to view interest credits of 8.1% for 2021-22 in their retirement savings accounts due to “a software upgrade” to ring in a tax on PF savings over Rs.2.5 lakh a year introduced in the Budget 2021...