The current PF interest rate if 8%
Starting April 2012, the rate of interest will be 8.25%
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
how many staff should e in a company to start provident fund
The difference between a pension fund and provident fund is in how the benefits are paid out. A provident fund pays all he retirement benefits in a lump sum cash benefit at retirement. A pension fund pays one third of the benefit as a lump sum at retirement and the rest is paid out over the lifetime of the beneficiary.
Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per current regulations.
Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per the current regulations.
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
What is rate of interest on General Provident Fund from April, 2012.
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%
Yes, the interest paid by provident fund will fall into riba category
8.6% per annum
It is 8.5% compounded yearly
Central Provident Fund was created in 1955.