EPF interest payout retained at 8.5% for FY2020-21

In a major relief to 60 million subscribers of the Employees’ Provident Fund Organisation (EPFO), the central board of trustees of EPFO have retained the interest payout on provident fund deposits at 8.5% for 2020-21,…

HDFC cuts home loan interest rate by 5…

The Housing Development Finance Corporation, or HDFC, announced on Wednesday that it has cut its Retail Prime Lending Rate (RPLR) on home loans by 5 basis points. In a filing with stock exchanges, HDFC stated,…

Tax on PF interest: Which debt mutual funds…

The Union Budget presented on 1 February 2021 has imposed tax on interest earned on Employee Provident Fund (EPF) contributions beyond Rs 2.5 lakh per financial year. . The government has a logic for imposing…

About 12% EPFO subscribers yet to get interest…

New Delhi: At least 6 million, or 10-12%, of Employee Provident Fund Organisation's (EPFO) subscribers will have to wait longer for their 2019-20 interest payment, as inaccuracies in the data of individual subscribers have held…

Labour Min decides to notify 8.5pc interest on…

NEW DELHI: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees' provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving…