Epf Interest Rate 2018

Speculations are rife that the interest rate on epf may be lowered to 8 5 for the current fiscal a tad lower than 8 65 provided for 2018 19. Labour ministry keen to retain 8 65 interest rate on epf deposits for 2019 20. Read about the cpf interest rates for ordinary account special medisave and retirement account.

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Epf Interest Rate From 1952 And Epfo

Epf Interest Rate Lowered To 8 5 On Provident Fund Deposits 2019 20

Latest Pf Interest Rate Updated For 2018 19 Planmoneytax

Epf Interest Rate From 1952 And Epfo

Does Interest Rate Increase Make Epf An Attractive Investment Option

Historical Epf Dividend Rates

Currently the epfo has been settling epf withdrawal claims at 8 55 per cent interest rate approved for 2017 18.

Epf interest rate 2018. The interest rates are generally declared at the end of financial year sometime in february or march even april. The review of the epf interest rate for a financial year is set at the end of that financial year most probably in february but may go up to april or may. At 8 65 the surplus would be rs 151 67 crores. Epf interest rate is declared every year by epfo central board of trustees in consultation with ministry of finance.

The epf interest rate is 8 65 for fy 2018 19 up 0 1 from fy 2017 18 when it was 8 55. For all your contributions the government guarantees a minimum paid dividend rate of 2 50 for simpanan konvensional. Let s discuss everything about the epf interest rate in detail. Chief epf officer alizakri alias cited a challenging 2019 as the primary reason for the dip in performance with both the global and domestic market taking hits from various fronts.

In 2012 13 also epf interest rates were slashed to 8 5. For the conventional fund the rate is the lowest it has been since 2008 where the dividend was at 4 5. The same interest rates are applicable for vpf voluntary provident fund. On tuesday labor minister santosh gangwar announced that over 6 crore subscribers of the employees provident fund organization epfo would get 8 65 interest on deposits for the financial year.

Now the epfo will settle accounts on higher rate of 8 65 per cent for 2018 19. Also a higher interest rate for epf might hurt the banks as the savings rate is lesser than the epfo interest rate and the banks fear losing deposits to the fund. For 2019 the epf dividend rate was 5 45 for conventional and 5 00 for syariah savings. The epf interest rates kept on fluctuating in between the year and at present it has reached its 7 year low point.

The epf interest rate fy2020 is set at 8 50 a cut of 0 15 from 2018 19 epf historical interest rates. Current epf interest rate 2020 21. At the current interest rate the surplus of funds with epfo would be rs 771 37 crores after 2018 19 interest payments. Dividend rates for simpanan shariah will be based on actual performance of the epf s shariah compliant investments.