Highest Provident Fund hike in 5 years

PUBLISHED ON: September 15, 2010 | Duration: 1 min, 40 sec

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In a windfall for 4.7 crore employees in public and private sector, the Provident Fund Trustees decided to give a higher interest rate of 9.5 per cent for 2010-11 on their retirement savings. The steep one percentage point increase has taken the interest on PF deposits to a five-year high.
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