Page 4 - Ppf Interest News Today

Sources told TOI that the government is looking to prescribe two sets of accounts for those contributing over Rs 2.5 lakh annually. The first would be for up to the threshold, while the other would capture the interest income above the taxfree level. The accounts would be maintained by PF authorities, officials indicated.

The government had on December 31, 2020, said around 6 crore EPF subscribers will receive 8.5 percent rate of interest for FY20 in their accounts in a single instalment.