Skip to main content

EPF rate slashed to 8.1%, lowest in over 4 decades

The Employees Provident Fund Organisation (EPFO) on Saturday proposed to lower the interest rate on retirement savings for its 6.4 crore subscribers from 8.5% to 8.1%, the lowest since 1977-78. The payout, which will have to be confirmed by the finance ministry, is in line with the agency’s earnings and will leave it with a surplus of Rs 450 crore during the financial year.

The Employees Provident Fund Organisation (EPFO) on Saturday proposed to lower the interest rate on retirement savings for its 6.4 crore subscribers from 8.5% to 8.1%, the lowest since 1977-78. The payout, which will have to be confirmed by the finance ministry, is in line with the agency’s earnings and will leave it with a surplus of Rs 450 crore during the financial year. from Times of India https://ift.tt/jLIFSzM
Labels:

Comments

Post a Comment

Popular posts from this blog

Pooping less than 3 times a week? Here’s why your gut is getting 'lazy'

A sluggish intestine, often stemming from modern diets and sedentary lifestyles, signals more than just constipation. Dr. Anshuman Kaushal highlights how processed foods, dehydration, and lack of movement weaken the gut's natural rhythm. Restoring balance with fiber, hydration, and consistent movement is key to a healthy digestive system, not trendy cleanses. from LifeStyle - Latest Lifestyle News, Hot Trends, Celebrity Styles & Events https://ift.tt/6LgqTXu
Post a Comment
Read more

5 best oils to apply on the navel: Benefits, uses, and what to know before trying them

Navel oiling can support skin moisture and relaxation when done thoughtfully. Choosing the right oil and using it gently makes the practice safe and comforting. Its value lies in care and consistency, not quick fixes. from LifeStyle - Latest Lifestyle News, Hot Trends, Celebrity Styles & Events https://ift.tt/OoLt6P8
Post a Comment
Read more