There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
The current PF interest rate if 8% Starting April 2012, the rate of interest will be 8.25%
The Vanguard Long-Term Investment-Grade Fund Investor Shares offers the highest interest rate for a Roth IRA. Currently the interest is 8.70 % compared to others which are 4.71% or lower.
It depends on the rate of interest you pay on the debt and also the rate of returns the mutual fund is generating. Let us say you have a loan with a bank with a preferential rate of interest of 5% per year and your mutual fund is earning 15% or more per year - in that case I would not payoff my debt by selling the mutual fund. Whereas, if my loan is charged at around 12% per year and my mutual fund is growing at 15% per year, i would pay off the debt using the mutual fund and start a fresh investment plan. This way we would save a lot on the interest we pay from our pocket.
A Provident Loan is a loan that will loan you money for jewellery and gold. The Provident Loan Society offers loans for a lower rate than a lot of other companies, for example, loan sharks.
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
What is rate of interest on General Provident Fund from April, 2012.
The current PF interest rate if 8% Starting April 2012, the rate of interest will be 8.25%
8.6% per year
Contribution is 12% of the basic salary and the current interest rate is 8.6%
The current rate of interest offered in PF is 8.6% (As of 2012-2013)
Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far
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
8.6%
8.6% per annum
It is 8.5% compounded yearly
8.6% per year
Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far