​​​
  1. Bihar Cabinet fixes PF interest rate at 8.1%

Bihar Cabinet fixes PF interest rate at 8.1%

In line with the Centre's decision to cut interest rate on provident fund, the Bihar Cabinet today decided to fix interest rate on Bihar general provident fund or contributory provident fund at 8.1 per cent.

By: | Patna | Published: June 28, 2016 11:27 PM
The decision has been taken in line with the Centre's decision to slash interest rate on the provident fund, Cabinet Secretariat Department Principal Secretary Brajesh Mehrotra said. (Reuters) The decision has been taken in line with the Centre’s decision to slash interest rate on the provident fund, Cabinet Secretariat Department Principal Secretary Brajesh Mehrotra said. (Reuters)

In line with the Centre’s decision to cut interest rate on provident fund, the Bihar Cabinet today decided to fix interest rate on Bihar general provident fund or contributory provident fund at 8.1 per cent.

“The Cabinet today gave its nod to a proposal of Finance Department to fix interest rate at 8.1 per cent which would be paid on the deposits of general provident fund/ contributory provident fund,” Cabinet Secretariat Department Principal Secretary Brajesh Mehrotra told reporters here.

“The decision has been taken in line with the Centre’s decision to slash interest rate on the provident fund,” Mehrotra said.

The rate of 8.1 per cent would be applicable for the first quarter of the current fiscal, from April 1 to June 30, he said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top