The job class can take a big hit! Interest on PF can fall, Learn how to reduce interest rates

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New Delhi, 28 February 2020 Saturday

The job class can be a big shock. The Employees Provident Fund Organization (EPFO) is looking to reduce interest rates on the Provident Fund (PF).

EPFO can reduce interest rates on PF deposits by 15 basis points to 0.15 percent to 8.50 percent for the fiscal year 2020.

In fiscal 2019, the interest rate was 8.65%. PF is a great medium of security for the working class and will have a direct impact on interest rates.

EPFO earnings from Long Term Fixed Deposit Bonds (FDs) and government securities have dropped EPFO ​​by 50-80 basis points in the last year, according to a media report. So it can be difficult to keep up with interest rates this year.

The EPFO ​​has trapped Rs 4,500 crore in these two companies

EPFO has invested around Rs 4,500 crore in two non-banking financial institutions (NBFCs). These include Dewan Housing Finance (DHFL) and Infrastructure Leasing and Financial Services (IL & amp; FS).

It is difficult to get immediate refund of the money invested in these two as both companies are going through a bankruptcy resolution process. It is difficult to get immediate refund of the money invested in these two as both companies are going through a bankruptcy resolution process.

EPFO has invested a total of Rs 18 lakh crore - EPFO ​​has invested more than Rs 18 lakh crore. Of these, 85% have been invested in debt market and 15% in equities through ETFs. At the end of March 2019, the total investment in Equities EPFO ​​was Rs 74,324 crore and it received a return of 14.74%.

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