EPFO fixes PF interest rate at 8.25% for 2023-24 at 3-year high
In March 2021, the Central Board of Trustees (CBT) decided the 8.5% interest rate on EPF deposits for 2020-21.
In March 2021, the Central Board of Trustees (CBT) decided the 8.5% interest rate on EPF deposits for 2020-21.
Concerned over rising inflation, the government, aiming to tame price rise, had hiked the interest rate for the senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent on September 30 through a notification.
The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.
The Centre has hiked interest rate for senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent, according to a Finance Ministry notification.
Faced with elevated retail inflation in August, the Reserve Bank of India is expected to raise interest rates in the range of 35-50 basis points in its next monetary policy committee meeting, said SBI Research.
Retirement fund body EPFO is expected to keep interest rate unchanged at 8.65 per cent on provident funds for its…
The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6 per cent for the fourth time…
Firming inflation, rising oil prices and government’s plans to raise crop support price are likely to restrain the RBI, for…
Banking majors — PNB and HDFC Bank — on Thursday said that they will reduce interest rate by 0.5 per…
Finance Minister Arun Jaitley on Thursday defended the State Bank of India's decision to cut interest rate on savings accounts…
