EPFO lowering interest rates is not good

EPFO slashes interest rates to 8.1%, lowest in over 40 years. Over 6 cr EPF account holders will feel the pinch. Similarly:
Interest on FD ⬇️
Interest on PPF⬇️
Interest on Post office savings⬇️
Interest on Senior citizens savings⬇️
Interest on NSC⬇️
No relief for small savers. more  

View all 7 comments Below 7 comments
Central Govment ( BJP ) very very lier Central Govment ( BJP ) not lika poir peoples this Govment like rech people more  
This is big hit to workers and low level employees who save little little through PF ,but Govt. Fatch their minimum eligibility interest money. Govt. Should consider to increase interest of this type of schemes more  
One more common man hostile act of centre more  
Central Govment no relief poor mens for small savings Central Govment alwayes help rich mens more  
People who are contributing to PF are not poor as per government. Even interest rate of welfare scheme SCSS 2004 started by congress govt to provide a regular income stream to retirees from pvt sector who do not get pension has been reduced to 7.4% from 9.3%. This step has made life miserable for crores of senior citizens. Govt had announced further reduction to 6.5% but the order was withdrawn next day due to election in West Bengal. SCSS2004 was started at interest rate of 9% and it was increased to 9.3% in April 2015 after 11 years in view of rising prices. The interest income is taxable and a maximum amount of Rs.15 lakhs is allowed to be deposited in the scheme. The interest is payable quarterly. more  
Post a Comment

Related Posts

    • INTEREST RATES AND OUR CULTURAL VALUES

      TODAY, WE AL TALK OF LOWEST INTEREST RATE FOR 5 CRORE SUBSCRIBERS. WHEN BANK FIXED DEPOSIT INTERST RATES FELL DOWN TO 5% PER YEAR. AND SAVINGS----. NO ONE ,STILL, IS THINKING OR WRITING ABOU...

      By Satyapal Singh
      /
    • Is EPFO a time bomb asks S. Nag

      The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entiti...

      By Satvik Singh
      /
    • PF a/c holders Pension benefits. After retirement getting very less pension.

      Dear Respected members, Please note I am 56 year old, and I have been a PF a/c holder for past 19 years. When I check what is the pension I am going after 60 OR retirement, it is very l...

      By Arun Kumar
      /
    • EPFO servers defunct

      EPFO walon, Your server has been unresponsive for a while now. The error message is consistent for anyone who tries to go about the e-nomination process. Please sort this .

      By Satvik Singh
      /
    • When EPF Portal will be able to serve people online?

      EPF Work is for namesake online but practically it hardly serves to 5-10% people, otherwise of this portal of no use. It requires you to visit PF Offices despite of all documents uploaded and accep...

      By Vinod Kale
      /
    • Recovering EPF Payment grievance

      I have EPF payment due for my service as on Dec2019, due to certain personal reasons I could not take up further employment and I attempted to get back the payment due to me in December 2012 but th...

      By Nishith Kumar Mukherjee
      /
    • EPFO AND CONSUMERS

      Sorry to write about the dis satisfying performance of EPFO.. ITS GOVT ORGANIZATION, HENCE SOME DICTATORSHIP SMELLS THERE,THEY DONOT RESPOND TO ANY PROBLEM. IN MARCH 2009,MY FAMILY PENSIO...

      By Satyapal Singh
      /
    • Withdrawl of PF

      I lost my job after May 2020. I want to withdraw my PF but I am unable to do same because my company has been liquidated n the IRP appointed by NCLT has not authorized anyone as authorize signatory...

      By Ravi Rai
      /
    • EPFO may fund startups

      The EPFO should note that it is a custodian of the money which people who are saving for the retirement. You are not supposed to behave like a financier to fund startups.

      By Satvik Singh
      /
    • Scheme certificate cancellation from RPFO Delhi- central

      I had submitted Scheme certificate at RPFO cuddapah at the time of submisstion of Form 10D for EPF monthly pension in the year 2017. RPFO cuddapah sent letter to RPFO Delhi-North asking cancellat...

      By K R S S Murty
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)