NEW DELHI: The central board of trustees of the Employees Provident Fund Organisation on Friday recommended retaining the interest rate at 8.25% for the current financial year, a decision that must be ratified by the finance ministry before money is credited into the accounts of seven crore subscribers.“Compared to many other fixed-income instruments, the Employees…
The interest rate saw a significant reduction in March 2022, when it was lowered to 8.1 per cent for 2021-22. EPFO interest rate FY 2024-25: The EPFO has maintained an interest rate of 8.25 per cent on EPF (Employees’ Provident Fund) deposits for 2024-25. Previously, in February 2024, the organisation had slightly increased the rate…
Last Updated:February 28, 2025, 07:00 IST Employers in India pay gratuity to employees leaving after five years of service, as per the 1972 Act. It’s 15 days’ wages per year, about 4.81% of the annual basic salary. The Payment of Gratuity Act of 1972 governs this payment in India. Gratuity Calculation: When you receive a…
Last Updated:November 29, 2024, 12:29 IST PPF Vs EPF Vs NPS: Each scheme comes with its unique features, tax benefits, and investment options; here’s a detailed comparison. Retirement planning is a crucial aspect of personal finance, and choosing the right savings plan can significantly impact your financial security in the golden years. PPF Vs EPF…
