Employee Provident Fund Organization (EPFO) has reduced the EPF interest rate for 2011-2012 to 8.25% from 9.5%. Based on their calculation, They can not afford to give more interest to 4.72 crores PF account holders.
Year Interest Rate
11-12 8.25%
10-11 9.50
09-10 8.50
08-09 8.50
Recently Government had increased interest rate for NSC, PPF and other post office schemes. So I think All PF account holders are keeping for long term benefits then we should be getting at least 8.5% interest rate.
Year Interest Rate
11-12 8.25%
10-11 9.50
09-10 8.50
08-09 8.50
Recently Government had increased interest rate for NSC, PPF and other post office schemes. So I think All PF account holders are keeping for long term benefits then we should be getting at least 8.5% interest rate.
No comments:
Post a Comment