This interest rate will be officially notified in the government gazette after approval by the Ministry of Finance after which the EPFO will credit the approved rate of interest into its subscribers' accounts
The prices shot up reflecting the overall higher risk averseness of investors with the rising interest rates along with higher demand, which rose by 14 per cent at the auction in spite of a jump in the average tenor to 15 years from 13 years last week
Karimnagar: In order to attract deposits, the Karimnagar District Cooperative Central Bank (DCCB) has announced the highest interest rates on term deposits for the general public and senior citizens with effect from Wednesday onwards. For deposits from one year to three years, the general public would get 6.75 per cent interest and the senior citizens […]
New Delhi: Interest rate on employees’ provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year, sources said. This is the lowest interest rate since 1977-78 on deposits that employees make towards their retirement […]