This organisation lowers interest rate to 8.55 pc for 2017-18. – InterviewSolution

InterviewSolution

1.	This organisation lowers interest rate to 8.55 pc for 2017-18.
Answer» Employees Provident Fund Organisation (EPFO) declared that rate of interest on employees provident fund for 2017-18 will be 8.55 per cent. This marks 0.10 per cent reduction as compared to 8.65 per cent for 2016-17. This is the second consecutive year, that EPFO has decreased the interest rates for its subscribers. 8.65 per cent for 2016-17 was 0.15 per cent lower as compared to 8.8% for 2015-16. As per the prevailing norms, all units employing 20 or more employees are mandatorily covered under the social security schemes run by the EPFO.

Discussion

No Comment Found

Related InterviewSolutions

The rate of world's "multidimensionally poor" children live in India as per the report of OPHI is?
The committee which is formed by the Securities and Exchange Board of India (SEBI) on corporate governance is?
How many non-Permanent UNSC Members are elected in the non-Permanent UNSC Members?
Which IIT institute has developed 'soil-to-soil' technology to manufacture cheaper, quicker and pollution-free bio fuel?
Which scheme was renamed as the Pradhan Mantri Matritva Vandana Yojana?
A set of four rare stamps, featuring the portrait of Mahatma Gandhi was auctioned in UK at highest price ever paid for Indian stamps. These stamps were sold at what price?
Which report was published by the World Wide Fund for Nature (WWF) to highlight that nearly 30% of World Heritage Sites are plagued by poaching, illegal logging and fishing?
India will declare ____ Yoga Parks across the country to promote the traditional practice.
The Union Cabinet has approved 2.5% of the Central Road Fund (CRF) for the development of the National ___________.
What does VVPAT stand for, in voting?