Tuesday 4 October 2016

GPF interest rate reduced to 8% w.e.f 01.10.2016


1 comment:

  1. In a move which will hurt millions of employees, the government has reduced interest rate on contributions to General Provident Fund (GPF) and other similar funds to 8% from October 1 to December 31 for fiscal 2016-17.
    The interest rate on such funds was 8.1% from April, 2016, while it was at 8.7 per cent for the previous fiscal.

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