Epf Interest Rate 2019

What is the dividend 2019 rate for simpanan konvensional sk and simpanan shariah ss dividend 2019 rate for simpanan konvensional sk is 5 45 and 5 00 for simpanan shariah ss.

Epf interest rate 2019. The epf interest rate for fy 2019 20 has been lowered to 8 50 which is 0 15 less than last year s rate of interest. For 2019 the epf dividend rate was 5 45 for conventional and 5 00 for syariah savings. The epfo had in march declared the interest rate for 2019 20 at 8 5 down from 8 65 the year before affecting the retiral savings of its subscribers. Since amit started contributing to epf on 1st april 2019 we will calculate epf on last year s rate of interest that is 8 65.

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 held today states gangwar. The rate of interest for 2018 19 was 8 65. The epfo had announced 8 5 interest rate for 2019 20. Provident fund interest rates for the last five years are mentioned below.

The central board of trustees of the employees provident fund organisation epfo has recommended splitting payment of the interest rate of 8 5 recommended for financial year 2019 20 into two parts citing exceptional circumstances arising out of covid 19. Epf contribution by employee and employer. Epf interest rate for fy s epf interest rate 8 5 for the financial year 2019 20 the initial approval for 8 5 epf rate was consented to by the epfo in 2019 2020. The labour ministry to lower down the epf rate in order to bring the rate at par with other schemes such as the public provident fund ppf.

As you know the interest is calculated monthly at the end of every month we will divide the current interest rate with 12. New savings credited to ra each year earn the 12 month average yield of 10ysgs plus 1 computed for the year subject to the current floor interest rate of 4 per annum sup 3 sup. For 2019 20 the interest rate is 8 50 which is reduced from the earlier 8 65 per cent. So one month s interest rate 8 65 12 0 7083.