New Delhi, Jan 13, 2014
The Employees Provident Fund Organisation decided to increase the interest rate on Provident Fund deposits for 2013-14 to 8.75%.
This is an improvement of 0.25% over the 8.5% interest rate paid last year.
The announcement made by labour minister Oscar Fernandes after a meeting on Monday will benefit close to eight crore subscribers.
EPFO fixes the rate based on the interest earned on its investment and its expenses.
Are you one of the subscribers of the EPFO? Then check your accounts online on a real-time basis by clicking here.
New Delhi, Oct 1 (IANS) Indian automobile manufacturers saw higher sales in September as new models, healthy monsoon rains and positive effects of the seventh pay commission pushed customers to replace their old vehicles. Passenger cars, utility vehicles and two wheeler manufacturers reported positive sales growth for last month. …