-
Compound Interest On Employee Provident Fund Deducted By Govt Of India
Is it permissible to take the Compound Interest on Employee Provident Fund deducted by Govt of India.
This fund is cut by Govt from our salary and provides apporx. 8% interest every year.
Could you please provide some light on this. Do we have to only take the principal amount from Govt and donate the interest. What about the inflation and currency depreciation which hits the principal amount almost more than 7% a year.
Sponsor Ask Ghamidi
In the last 1903 days, 9,012 registered users have posted 65,497 messages under 19,030 unique topics on Ask Ghamidi.