After dearness allowance, authorities workers will endure extra, PF rate of interest decreased

by Jeremy Spirogis
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New Delhi. Lockdown continues nationwide attributable to coronavirus. The lockdown has considerably affected the income of the Central Government. Businesses are closed, resulting in a pointy decline within the authorities's revenue. In such a scenario, the federal government is decreasing its bills in varied methods. In this episode, the federal government has given an enormous blow to the central workers. The central authorities has introduced a reduce within the rates of interest of the General Provident Fund [GPF]. This will cut back the curiosity acquired on the deposit register of central workers. The authorities has reduce the GPF rates of interest for the primary April-June quarter of the present monetary yr. <! –

                 The rate of interest on GPF has been decreased from 7.9 per cent to 7.1 per cent for April-June. Central workers will obtain a price of seven.1 per cent on their GPF fund from April 1, 2020 to June 30, 2020, which was simply 7.9 per cent.

Daily Rs 100 will change into Rs 54.47 lakh in PPF, understand how

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