8.6% per year
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
Public Provident fundThe Public Provident Fund Scheme is a statutory scheme of the CentralGovernment of India.The Scheme is for 15 years.The rate of interest is 8% compounded annually.The minimum deposit is 500/- and maximum is Rs. 70,000/- in a financial year.To know more you can checkhttp://tips4bsense.blogspot.com/2010/01/public-provident-fund-public-provident.html
Yes, the interest paid by provident fund will fall into riba category
What is rate of interest on General Provident Fund from April, 2012.
The Employees Provident Fund Organization of India is a statutory body of the Government of India under the Ministry of Labour and Employment. The organization is formed in 1952.
The current PF interest rate if 8% Starting April 2012, the rate of interest will be 8.25%
Central Provident Fund was created in 1955.
VPF
Contribution is 12% of the basic salary and the current interest rate is 8.6%
None. The Indian government does not allow FID in provident fund
what is statutory fund
The current rate of interest offered in PF is 8.6% (As of 2012-2013)