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Frequent Withdrawals PF Account Can Lead to Losses of up to Rs 35 Lakh at Retirement

సాక్షి, న్యూఢిల్లీ: పీఎఫ్‌ అకౌంట్‌ నుంచి తరచుగా డబ్బులు డ్రా చేస్తున్నారా.. అయితే జాగ్రత్త. తరచుగా పీఎఫ్‌ డబ్బులను విత్‌డ్రా చేస్తే.. పదవీవిరమణ సమయంలో భారీగా నష్టపోతారట. సుమారు 35 లక్షల రూపాయల వరకు కోల్పోతారట. ఎంప్లాయీస్ ప్రావిడెంట్ ఫండ్ ఆర్గనైజేషన్(ఈపీఎఫ్‌ఓ) ప్రకారం కరోనా కాలంలో చాలామంది అభ్యర్థులు తన పీఎఫ్‌ డబ్బులను భారీగా విత్‌ డ్రా చేసుకున్నారు. సుమారు 7.1 మిలియన్ల కన� ....

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PF subscribers alert! EPFO likely to credit 8.5% interest for 2020-21 by THIS date

PF subscribers alert! EPFO likely to credit 8.5% interest for 2020-21 by THIS date - Last time, many EPF subscribers had to wait for 8 to 10 months to get the interest of 2019-20. ....

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In less than 24 hours, Centre withdraws order cutting interest rates on small savings schemes

In less than 24 hours, Centre withdraws order cutting interest rates on small savings schemes
In less than 24 hours, Centre withdraws order cutting interest rates on small savings schemes
On Wednesday, the Finance Ministry had announced a sharp cut in interest rates for small savings schemes for the first quarter of the financial year 2021-22. This order has now been withdrawn.
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UPDATED: April 1, 2021 19:32 IST
The Centre on Thursday withdrew its order cutting interest rates for small savings schemes for Q1 of FY2021-22 (Photo Credits: Pixabay)
HIGHLIGHTS
Interest rates of small savings schemes of GOI shall continue to be at rates that prevailed as of March 2021: FM ....

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Centre rolls back interest rate cut order on PPF, other small savings schemes

Centre rolls back interest rate cut order on PPF, other small savings schemes
The government on Wednesday reduced the interest on the PPF scheme to 6.4 per cent for the April-June quarter from 7.1 per cent in the January-March period
Ashutosh Kumar | April 1, 2021 | Updated 08:30 IST
Finance Minister Nirmala Sitharaman on Thursday, March 31, announced that the government has taken back its interest rates cut order on small savings schemes
Facing a severe social media backlash over the interest rate cuts in small savings schemes like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, senior citizen savings scheme, current deposit, and a host of other such schemes on March 31, the finance ministry has rolled back the decision. ....

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EPFO update | PF deposits for FY21 to fetch 8.5%. Know what happens to inoperative accounts

Updated Mar 06, 2021 | 16:09 IST
The EPFO has decided to retain these rates for the current fiscal year. This is great news for 5 crore subscribers of EPFO who have invested
PF deposits for FY21 to fetch 8.5%. Know what happens to inoperative accounts | Photo Credit: BCCL
New Delhi: The retirement fund body, EPFO has decided to retain an 8.5 percent rate of interest on provident fund deposits for the current financial year. This comes as a massive relief for the common people. During times like this, PF funds have become one of the very few investment tools wherein people are getting more than an 8 percent interest rate. ....

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