EPFO defers decision on pf interest rate for 2010-11
The EPFO on Friday deferred a decision on interest rate on provident fund deposits for 2010-11 following pressure from trade unions that want rates to be raised to 9.5-10.5 per cent from 8.5 per cent.
Oriental Bank of Commerce has reduced interest rate on Term Deposit for one year to less than two years maturity by 25 bps ie from 9.50% pa to 9.25% pa effective from July 05, 2012.