EPFO fixes interest rate at 8.55%
- EPFO (Employee's Provided Fund Organization) has reduced intrest rate to 8.55% for 2017-18 which is lowest in last 5 years.
- It will directly affect 6 crore members/Subscribers Associated with EPF.
- This move is done to generate a surplus INR 58.6 Million compared to last year with was INR 69.5 Million.
- This cut comes after the time when returns on debt is decreased to 6.75% from 7.5% of last year.
- So what government is doing is exploring diffrent ways to somehow accumulate fund.
- Current government targeted saving of all middle to low income citizens to accumulate fund and maybe some projects for well-being of common people.
- Overall, Rich keeps on accumulating.
Source
This is all for now, Thankyou guys for your visit. Feel free to post your comments.
Have a nice day, till next time see ya.... @singhrajat ☺
This post has received a 4.69% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
Invest your Steem Power and help minnow at the same time to support our daily curation initiative. Delegate Steem Power (SP) to @shares by clicking one of the following links: 1000 SP, 5000 SP or more. Join us at https://steemchat.com/ discord chat.
Support my owner. Please vote @Yehey as Witness - simply click and vote.
This post has received gratitude of 8.37 % from @appreciator thanks to: @singhrajat.
This post has received a 0.20 % upvote from @drotto thanks to: @singhrajat.
You got a 4.45% upvote from @mercurybot courtesy of @singhrajat!
Congratulations, your post received 19.41% up vote form @spydo courtesy of @singhrajat! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.
This post has received a 0.31 % upvote from @booster thanks to: @singhrajat.
You got a 21.56% upvote from @foxyd courtesy of @singhrajat!
Delegate Steem Power to this Bot and get 90% of the earnings. More Informations here.
Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.
This post has received a 8.54 % upvote from @boomerang thanks to: @singhrajat
wow,thanks for sharing.