Members Will get Bonus instant of Intrest!!!!!!!!!!!!!!!!!!!!!
Provident Fund (EPFO) for 2015-16 is considered to be paid a bonus to its Member. This is the first such decision.
According to the proposal of the financial year was set interest rate at 8.95% on PF. But instead of having to consider giving a bonus of Rs 750 corer.
According to the proposal of the financial year was set interest rate at 8.95% on PF. But instead of having to consider giving a bonus of Rs 750 corer.
8.75% interest rate for 2013-14 and 2014-15, the EPFO had applied. The bonus option is being considered for the first time. So that is going to generate the most profit.
Bonus amount will be deposited into account of thous members whose contribution should deposited into their account continuously from last 12 months. If this proposal will be accepted then 5 million out of 12 million member will get this benefit.
Source- http://abpmajha.abplive.in/india/epfo-would-offer-bonus-189955
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