The interest rate for the EPF account was 8.10% for FY 2021-22. There was a hike in the EPF account interest rate by 0.05%. The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for the financial year 2022-23. The Employees’ Provident Fund (EPF) is a compulsory savings and retirement fund for eligible employees. Here’s how you can withdraw money from it prematurely or at the time of retirement Employees’ Provident Fund (EPF) is the retirement tool for many employees.