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When did the PPF and EPF schemes give the best returns, there has been a huge cut in the interest rates compared to then

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Employees Provident Fund (EPF) and Public Provident Fund (PPF) are seen as a long term investment. Any employed person tries to make his future secure through all these schemes. But do you know that at one time EPF was giving an interest rate of 3% and PPF 4.8%.

Public Provident Fund (PPF) was started in 1968. Then only 4.8% interest rate was available on this scheme. But then from there it went up to 12 percent. At present, 7.1% interest rate is being available on PPF. Which is the lowest in the last 44 years.

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At the same time, Employees’ Provident Fund (EPF) was started by the Government of India in 1952. In the first three years, only 3% interest was available through this scheme. In the financial year 1990, it was giving the highest returns of up to 12%. Since then there has been a decline in it.

The interest rate of PPF was reduced to 8% in 2016, 7.8% in 2017 and again to 7.6 percent in 2018. According to the report, the EPF interest remained at 8.5 per cent in all these years.

EPFO interest rate will be credited in July

The Employees’ Provident Fund Organization (EPFO) has decided that the interest rate for the year 2020-21 will be 8.5%. Now it is expected that this interest can come in July. There is great news for the troubled EPFO ​​account holders due to Corona epidemic. According to sources the interest rate can be credited any day of the next month.

In the meeting of the Central Board of Trustees of EPFO ​​held in March, it was decided that the interest rates for 2020-21 will not be changed. In 2019-20 also the interest rate was only 8.5%. Interest rates were cut in 2019-20 due to Corona. The interest rate was 8.65% in 2018-19 and 8.55% in 2017-18.

Good news for EPFO ​​account holders, interest may come in PF account in July

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When did the PPF and EPF schemes give the best returns, there has been a huge cut in the interest rates compared to then
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀
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