Epf Interest Rate 2019 20 Pdf

Again to remind the provident fund interest will be calculated at the end of every month however the interest amount will only be credited at the end of the financial year.

Epf interest rate 2019 20 pdf. This rate will be in force w e f. With this 172 categories of. Lowered by 0 15 new epf interest rate was announced by the union labour minister santosh gangwar on 3rd march 2020. The revised epf interest rate is now 8 55 which is 10 bps lower than the previous interest rate.

A 31011 1 2020 exam 14 dated 20 07 2020 256 5kb 41. Below is the interest rate movement of public provident fund from 2016 17 2018 19 and 2019 20. Edli 3 39 som 2020 246 dated 17 07 2020 243 8kb 40. 09 04 1997 to 21 09 1997 8 33 enhanced rate 10 notification dated 9th april 1997 was issued enhancing provident fund contribution rate from 8 33 to 10.

I marked each quarter in a different colour so that you can easily identify the interest movement for each quarter of the year. It is announced for general information that during the year 2019 2020 accumulations at the credit of subscribers to the general provident fund and other similar funds shall carry interest at the rate of 7 9 seven point nine percent w e f. Notification regarding employees provident fund assistant section officer probationers examination scheme 2020 ho no. Sk dividend s purification rate for 2019 is 71 of the amount of dividends credited to member s account.

At a meeting of the central board of trustees on 5 march the epfo announced a rate of 8 5 for 2019 20. The government has reduced the interest. Revised epf interest rate for 2019 20. The epfo has decided to provide 8 5 per cent interest rate on epf deposits for 2019 20 in the central board of trustees cbt meeting today gangwar told reporters after the meeting here.

But the losses from the equity portion are huge. In 2012 13 also epf interest rates were slashed to 8 5. As on 31st march 1991 the enhanced rate of 10 per cent was applicable to the establishments employing 50 or more persons. Settlement of death claims on priority basis in events of industrial accidents etc.

The interest rate for the scheme has been revised and lowered by 0 15 for the current financial year. Given to the poor. 1st july 2019 to 30th september 2019. In the past if earnings from investments were lower than expected the epfo dipped into reserves to maintain a healthy interest rate.

The employee provident fund interest rate for fy 2019 2020 is 8 50 the interest applicable per month when calculating interest is 8 50 12 0 007083. Channeled to baitulmal for the general public interest of muslims such as for funding the construction or maintenance of bridges roads toilets etc.