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Home > Business > Reuters > Report
EPF board moots 1% cut in rate
May 22, 2003 14:08 IST
A panel set up by the trustees of India's largest pension fund has recommended an interest rate of between 8.0 and 9.0 per cent for the Employees Pension Fund scheme in 2003-04, a member of the panel said on Thursday. The scheme currently offers an interest rate of 9.5 per cent. The panel member said the group would meet on May 31 to take a final decision on the rate.
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Number of User Comments: 20
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Sub: epfratecut
amount saved by cutting the rate shallbe given to our ministers as they are very poor.
Posted by NARENDRAN C P
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Sub: Let the market decide?
Paying 9.5 interest rate is not sound economically. The rates should be determined by the market. Where do you think the government is going to ...
Posted by RK Agnost
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Sub: epf rate cut
dear friends, expenditure on account of foriegn trip, local compaigns, full page publicity stunts and many many more free perks enjoyed by our elected representatives ...
Posted by jeevanbhatia
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Sub: Cut in EPF rate
Funds for welfare of country has constantly been drawn by picking the common man's pocket. On the other hand, the lethargous undeserving political elements on ...
Posted by P Suresh
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Sub: EPF board moots 1% cut in rate
Government is reducing the interest rates on savings of common man. And government is allowing banks to give crores of rupees to unworthy industrialists as ...
Posted by C.Badarinath
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