Dear All,
Greetings for the day.
Please find attached the 4th EPF notification regarding a 4% increase in pension for each year on deferring the drawl of pension after 58 years but not later than 60 years of age.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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256Greetings for the day.
Please find attached the 4th EPF notification regarding a 4% increase in pension for each year on deferring the drawl of pension after 58 years but not later than 60 years of age.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
Acknowledge(0)Amend(0)
Dear friends,
As per the new amendment, the pensionable amount of Rs. 1000 will be Rs. 1082 at 60 years. However, if we open a Recurring Deposit for 2 years with a monthly payment of Rs. 1000 at the rate of 10% per annum, after 2 years, this will become Rs. 26,447. For one year, the interest on this amount at 10% will be Rs. 2645 (monthly Rs. 220). By adding this Rs. 220 to the existing Rs. 1000, you will get Rs. 1220 per month in addition to a principal amount of Rs. 26,447.
Abbas.P.S
From India, Bangalore
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As per the new amendment, the pensionable amount of Rs. 1000 will be Rs. 1082 at 60 years. However, if we open a Recurring Deposit for 2 years with a monthly payment of Rs. 1000 at the rate of 10% per annum, after 2 years, this will become Rs. 26,447. For one year, the interest on this amount at 10% will be Rs. 2645 (monthly Rs. 220). By adding this Rs. 220 to the existing Rs. 1000, you will get Rs. 1220 per month in addition to a principal amount of Rs. 26,447.
Abbas.P.S
From India, Bangalore
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