Wed, Sep 18, 2024
Sukanya Samriddhi Yojana secures a girl child’s future, while EPF helps employees build a retirement fund. Both offer attractive returns and tax benefits, making them reliable long-term investment options.
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Fri, Aug 09, 2024
This article explores potential retirement savings through the Employees' Provident Fund (EPF) for basic salaries of Rs 15,000, Rs 25,000, and Rs 35,000. It includes detailed calculations based on a 25-year contribution period, 8.25% annual interest, and a 5% annual salary increase, illustrating the substantial corpus that can be accumulated.
Tue, Aug 22, 2023
EPFO decides the interest rate for every financial year for EPF scheme and the interest amount is credited to the account annually. Currently, the EPF interest rate stands at 8.15 per cent annually. As per the trends in recent years, NPS offers 9 to 12 per cent return per annum on investments.
Wed, Jul 19, 2017
For the current financial year, the retirement fund body Employee Provident Fund Organisation (EPFO) will soon be announcing the interest rate on Provident Fund deposits.
Thu, Jun 01, 2017
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Thu, Dec 15, 2016
The Labour Ministry is pitching for retaining 8.8 % interest rate on EPF deposits of over 4 crore subscribers of the retirement fund body EPFO for 2016-17 and trying to bring the Finance Ministry on board.
Thu, Apr 28, 2016
The ministry decided to ratify 8.7% interest rate on Employees Provident Fund for 2015-16 fiscal
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