EPFO may cut interest rate by up to 25bps this fiscal
New Delhi, Jan. 6 -- Millions of salaried workers may soon get lower returns on their mandatory investment for the fiscal ending March 31. The Employees' Provident Fund Organisation (EPFO) is likely to reduce the interest rate offered to its subscribers by 15-25 basis points (bps) for this fiscal, two government officials said on condition of anonymity. A basis point is one-hundredth of a percentage point....
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