It is 8.5% compounded yearly
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
8.6%
What is rate of interest on General Provident Fund from April, 2012.
8.6% per annum
8.6% per year
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%
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
The current rate of interest offered in PF is 8.6% (As of 2012-2013)
Provident Fund Total Rs. 12% Employee Rs. 3.67% Pension Rs. 8.33%
Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.