Dear all,
In a bonanza for over five crore employees in the organised sector, the Employees Provident Fund Organisation (EPFO) on Wednesday decided to raise interest rate on their retirement savings by 1 percentage point to 9.5% for 2010-11.
The EPF rate has been 8.5% since 2005-06.
“9.5% interest rate on PF will be good enough to cover for inflation rate. It is a good return in today’s market
Regards,
Jagdish Pathak
From India, Gurgaon
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49In a bonanza for over five crore employees in the organised sector, the Employees Provident Fund Organisation (EPFO) on Wednesday decided to raise interest rate on their retirement savings by 1 percentage point to 9.5% for 2010-11.
The EPF rate has been 8.5% since 2005-06.
“9.5% interest rate on PF will be good enough to cover for inflation rate. It is a good return in today’s market
Regards,
Jagdish Pathak
From India, Gurgaon
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