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The rate of interest charged on loan taken by the subscriber of a PPF account on or after 12 December 2019 shall be 1% more than the prevailing interest on PPF. Public Provident Fund Scheme, 2019 has reduced the interest spread to 1 (one) percent from an earlier spread of 2 percent.
In March 2022, the EPFO lowered the interest rate of 8.10% for the fiscal year of 2021-22. On 30 August 2022, EPFO proposed to remove the restrictions on the wage ceiling and headcount to allow all formal workers and self-employed to enrol in its retirement saving schemes. [10]
Other similar government savings schemes in India include: Public Provident Fund (PPF), ... Revision of interest rates for small savings schemes 26 March 2012;
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
When the Fed adjusts its key interest rate policy, the fed funds rate, consumers feel the impact in a variety of ways. Banks tend to lower the APYs they offer on bank accounts when the central ...
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...