Another dent in Future Savings of Employees: Interest rate of EPF slashed to 8.25%

Arguing for the 8.25 percent interest rate, EPFO has said that this also wouldleave a deficit of 24 lacs. It has further made clear that an interest rate of8.5% will lead to a deficit of approximately 526 crores. The returns here beingless than Public Provident Fund Scheme which stands at 8.6% clearly states thatIndian Employees are paying the price for the absurd policies of the UPAgovernment. Pranab Mukherjee who is the pioneer to decide this rate should lookmore towards those people who have stashed a huge sum of black money andstealing government money through corrupt practices rather than creatingpolicies which are useless and funny.
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