The government has lowered the interest rate on Employees Provident Fund Organisation deposits for its 6.4 crore subscribers from 8.5% to 8.1%, the lowest since 1977-78. For crores, the Employees Provident Fund, or EPF, served as a social security substitute and was the principal corpus for retirement or life events like children’s weddings or emergencies. The rate cut has a significant impact on those who subscribe to the EPF. It means less money for retirement and in times of need, but also much more. Namita Patel, CA and leading financial advisor, speaks to All Indians Matter.