Your PF balance to earn less: EPFO declares PF interest rate for 2019-20

March 6, 2020

PF Interest Rate 2020: The provident fund (PF) balance is going to earn less for the salaried employees. According to PTI, EPFO has lowered interest rate on employee provident fund to 8.50 per cent for 2019-20 from 8.65 per cent in 2018-19. The decision has been made by the central board of trustees and the new PF interest rate 2020 will now have to be notified by the government. There…

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NPCI doubles UPI transaction limit to Rs 2 lakh for some payments

March 6, 2020

The National Payments Corporation of India or NPCI, the umbrella organization for retail payments systems, has doubled the per transaction payment limit for Unified Payments Interface or UPI to Rs 2 lakh for some payments. The committee has approved to increase the current limit of Rs 1 lakh per transaction to Rs 2 lakh. This is to fulfill specific needs, including payments for credit cards, loans, insurance, and mutual fund…

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