Page 12 - Epf News Today

The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually

Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for 2023-24 EPF Interest Rate: Retirement Fund Body EPFO Fixes 8.25% Interest Rate on Employees’ Provident Fund for 2023–24.

EPFO Interest Rate: The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earnings to his EPF account. The employees whole contribution is placed into the EPF account. In the case of the employer, just 3.67 percent is deposited into the EPF account. The remaining 8.33% goes to the Employees Pension Scheme (EPS).

The incident took place inside Sarnath Express when it arrived at the Raipur railway station.

This average annual return of 29.35 per cent in equities in the first week of February is more than triple the return of about 7.87 per cent seen in corporate bonds.

India Business News: EPFO interest rate FY24: The Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) is expected to propose an interest r

The EPFO, in a circular on February 8, 2024, asked its Field Offices not to accept claims associated with bank accounts in Paytm Payment Bank Limited (PPBL) with effect from February 23, 2024.

The Central Board of Trustees will consider another proposal to increase the redemption period for better yields for investments in equities from four years to seven years in the next six years.

The Pension Protection Fund (PPF) has selected the Aviva Master Trust to provide a defined contribution (DC) solution for its hybrid schemes.

Starting early and identifying the most suitable section 80C instruments after meticulous research will ensure that your tax-planning is not an isolated activity, but is integrated into your larger goal-based financial planning strategy. Do not wait until March 31 to complete the process as technical glitches on investment portals could derail your plans at the last minute.