The Employees Provident Fund Organisation (EPFO) on Saturday proposed to lower the interest rate on retirement savings for its 6.4 crore subscribers from 8.5% to 8.1%, the lowest since 1977-78. The payout, which will have to be confirmed by the finance ministry, is in line with the agency’s earnings and will leave it with a surplus of Rs 450 crore during the financial year.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jLIFSzM
No comments:
Post a Comment