The yields from government bonds to which these rates are
linked have fallen 60-70 bps since the last rate cut in March. Currently, the
EPF rate is 8.8 per cent, which is unlikely to be maintained this year, reports
The Economic Times. A basis point is 1/100th of a percentage point.
Small savings rates and interest rates on retirement savings are likely
to be reduced in the near future on a steep fall in the yields on government
bonds during the past six months.
The yields from government bonds to which these rates are linked have
fallen 60-70 bps since the last rate cut in March. Currently, the EPF rate is
8.8 per cent, which is unlikely to be maintained this year, reports The
Economic Times. A basis point is 1/100th of a percentage point.
According to a survey by the financial daily, 84% of the 25 finance
professionals expect EPF rates to be lower this year. Also, 64 per cent said
that a cut in interest rates of small savings schemes looks imminent.
Currently, the interest rate on PPF is fixed at 8.1 per cent in Company incorporation in gurgaon
The EPFO invests 95 per cent of the funds in government bonds and rest
in exchange traded funds to maximise returns.
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