In a few simple steps, most students and parents who filed a 2014 tax return can view and transfer their tax return information directly into their fafsa. Query on interest rate of service tax for fy 201617 service tax. Interest rates for direct loans first disbursed on or. Central board of trustees cbt of the epfo has recommended to reduce lower the pf interest rate from 8. It is announced for general information that during the year 20162017, accumulations at the credit of subscribers to the general provident fund and other similar funds shall carry interest at the rate of 8. Financial aid handbook 201617 kankakee community college. The labour ministry to lower down the epf rate in order to bring the rate at par with other schemes such as the public provident fund ppf. Gpf interest rates 202021 central government employees news. The rate on plus loans, both parent loans for dependent undergraduates and. Gpf interest rates 201617, general provident fund and other similar funds shall carry interest rate of 8. Epfo or employees provident fund organisation on 21 feb 2018 announced an interest rate of 8. Interest rate on ppf, senior citizens savings scheme, nsc, sukanya samriddhi are revised on a quarterly basis. Approximately 17 crore subscribers accounts will be updated with the new interest rate, once this is accepted by the government. But what happens to the interest that is due from 201617 and also 201718 which will be due soon.
So ideally if a user deposits 1,50,000 inr from april 1st 2016 till march 31st 2031, for a total investment of 22,50,000 the returns will yield 46,75,9 which is a jump of 24,25,9 which more than double the amount you gain from ppf account. Epf interest rate for fy 201920 labour minister santhosh kumar gangwar said that the new interest rate will result in surplus of of over 700 crore rupees for the current financial year. My epf account is still reflecting interest upto 32015 only. The decision was taken by the cbt and headed by the labor minister to reduce the interest rate by 0. To recommend the rate of interest for the year 201617, the status of estimated amount to the credit of the members as on 01. Gpf interest rates revised to 8% with effect from october 2016 gpf interest rates for the previous quarter junesep 2016 was paid at 8. The move will affect around six crore subscribers and leave epfo with a surplus of rs 586 crore against rs 695 crore in the previous financial year. Provided also that the rate of interest to be allowed on claims for refund for the broken. The government reduced the interest of all schemes by 10 basis points 100 basis points1% for the third quarter of 201617 octdec 2017. With the budget completing during february 28th 2015, many users have started asking questions to me what will be the ppf interest rate 201516. It is announced for general information that during the year 201617, accumulations at the credit of subscribers to the general provident fund and other similar funds shall carry interest at the rate of 8. If available rates are 3% to 4%, it can be an enticing option compared to federal student loans.
Declaration of rate of interest for the employees provident fund members account for the year 201617 regarding. Go 1638 pf interest rate for financial year 201617 is 8. However, both financial year 201617 and current financial year have a pf interest rate of 8. Ppf interest rates for 201617 public provident fund ppf is a popular long term investment plan which is backed by the central government of india. First, your ppf account should be active and must have completed a.
Federal student loan interest rates are scheduled to go down effective with loans disbursed on or after july 1, 2016. Fafsa the free application for federal student aid fsa federal student aid. Both parents or both the student and spouse may need to report income. How epf employees provident fund interest is calculated.
However, the employers contribution is split among epf, employees pension scheme eps, and employee deposit linked insurance edli. Its been a long time now, since i wrote articles on ppf related subject. The interest rate on epf is decided by the epfo board every year based on the weighted average return generated by the fund. Provident fundgeneral provident fund andhra pradesh rate of interest for the financial year 201617 commencing on 01. To help you get a head start on your fafsa, below are the answers to the top 5 questions weve been getting on our facebook and twitter accounts. Interest rate of service tax for fy 201617 resolved. The rates on undergraduate direct loans will drop from 4.
Fafsa forms submitted before june 23 for the upcoming. Earlier in the year 201617 and 201819, the epfo has given 8. For, retirement fund body epfo is likely to lower interest rate on pf deposits for 201718 compared to 8. Nearly 15 crore people subscribed to employees provident fund scheme will earn interest at the rate of 8. When you begin the 2016 2017 school year, what will be your grade level. During the year 20162017, accumulation at the credit of the subscribers to general provident fund and other similar funds under the administrative control of the government of west bengal shall carry interest as follows. You can avail loans against your ppf public provident fund account provided certain conditions are fulfilled. Now, i am quitting my job and planning to move towards freelance. Gpf interest rates gpf interest rates 201819 month interest rate view orders gpf interest rate from 1st jan 2019 to 31 st march 2019 8% click here gpf interest rate from oct 2018 8% click here gpf interest rate from july 2018 7. I know that i would be able to withdraw only my contribution plus interest. Interest rate for loan against ppf public provident fund account is chargeable at 10. Latest pf interest rate and the procedure to calculate pf. Interest rate for loan against ppf is chargeable at 10.
The interest rate varies depending on the loan type and for most types of federal student loans the first disbursement date of the loan. Provident fundgeneral provident fund andhra pradeshrate of interest for the financial year 201617 commencing on 01. According to the opinion of epfo, there would be an excess of rs. Gpf interest rates 201617 central government employees news. Did anyone get interest credited on a pf fund for fy 2017. Did anyone get interest credited on their pf fund for fy. So all the members should have received interest for the period. Interest rate on ppf, senior citizens savings scheme. The contribution made by the employer is 10% in case the number of employees working for the organisation is less than 20. Interest is money paid to the lender in exchange for borrowing money. Prospective students should keep a close eye on interest rates if they are considering private student loans. You can also consolidate private student loans, possibly saving money on your monthly payment, depending on your credit score and income.
The ministry of labour and employment, government of india, has conveyed the approval of the central to sub. Provident fund interest rates gpf, cpf, railway provident fund, service provident fund interest rates revised to 8% from 8. I had rather been busy writing a book on smart savings from ppf account demystified. Pf deposits to fetch lower interest rate in 201718.
Ppf, sukanya samriddhi, nsc, kvp interest rates octdec 2016. File the fafsa free application for federal student aid at. Ppf, sukanya samriddhi, nsc, kvp interest rates octdec. State railway provident fund rate of interest during the. Interest rates for federal direct loans are set by congress and are based upon formulas that use the equivalent rates of the 91day treasury bill plus a statutory addon percentage. The central board of trustees cbt has the pf interest rate for 201617 fixed at 8. Go 1638 gpf interest rate for financial year 201617 is 8.
This has also raised several questions among users if the ppf withdrawal limit be increased. The table below provides interest rates for direct loans first disbursed on or after july 1, 2016. If you do not see your interest credited, please contact your pf office and know the exact reason. In this article ill be writing about ppf interest rate 201617. The employers contribution to the epf scheme is 10% or 12 %.