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Tag: INTEREST RATE

Drastic fall in interest rates of all Post Office Savings Schemes w.e.f 01-04-2020

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The government today announced a steep cut in the interest rates on small savings schemes for the first quarter (April to June) of FY 2020-21. Interest rates on various small savings schemes have been cut by between 70 basis points and 140 basis points (100 basis points = 1 per cent). Here is a look […]

EPF interest rate reduced to 8.50% from 8.65% for FY 2019-20

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The Employees’ Provident Fund Organisation (EPFO) lowered the interest rate on provident fund deposits to 8.50% for FY20 (2019-20) from 8.65% in FY19 (2018-19). The move will affect the PF deposits of over 6 crore active subscribers. The EPF interest rate announced for the current fiscal is lowest since 2012-13, when it was 8.5 per […]

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