Big Shock To EPFO Subscribers! PF Interest Rates Have Been Slashed To Lowest Of The Decade !

Generally employees contributes 12% of their basic pay to employees provident fund organisation (EPFO)in addition to the employers(recruiter)contribution. That EPF contribution would be utilised by withdrawing lumpsum amount at retirement. But the recent amendment by CBDT(Central Board of Direct Taxes) makes epfo subscribes worrisome. CBDT has approved a draft to slash epf interest rate toContinue reading “Big Shock To EPFO Subscribers! PF Interest Rates Have Been Slashed To Lowest Of The Decade !”

Good News For Bank Depositors ! Banks Have Raisen F.D Interest Rates Slightly Higher !

For the past few years bank fixed deposit(F.D)interest rates have been declining which hurts the savings nature of the public. But even today there are some section of people(Retirees, Senior Citizens, Unorganised workers)rely on interest income of the banks. So there is a need to preserve their inbuilt “Sentiment” by raising interest rates and protectContinue reading “Good News For Bank Depositors ! Banks Have Raisen F.D Interest Rates Slightly Higher !”