Diabytes
Provident fund deposits News
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The Employees' Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it is directly crediting exchange trade funds (ETF) units into provident fund accounts and lower yields on other investments, particularly bonds.
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In an effort to bring cheers to its more than 6 crore subscribers, retirement fund body EPFO on Tuesday announced to hike interest rate on PF deposits to 8.8 percent for this fiscal, which is higher compared to 8.75 percent provided in previous two fiscals.
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