Enjoy 8.5% rate on EPF for 2008-09
The Employees’ Provident Fund Organisation (EPFO) has fixed a rate of return of 8.5% for the financial year 2008-09. This has implications for a lot of people and hence the details have to be analysed in order to understand the overall financial impact. There is not only an immediate impact in terms of earnings but also a long-term impact that will determine the amount that is built up as a corpus.
Application
The benefit of the 8.5% interest rate is applicable for all employees who are contributing money to the Employees’ Provident Fund (EPF). This will include those Read more