In a falling interest rate regime, the Employees’ Provident Fund Organisation (EPFO) has decided to reduce interest rate on the EPF to 8.65%, from 8.8% earlier. This cut may leave the salaried class feeling aggrieved, but financial planners maintain the EPF still remains among the better vehicles for retirement savings in the fixed income space. Manoj Nagpal, CEO, Outlook Asia Capital, contends investors are still better off as the trend in interest rates suggested a sharper cut in EPF rate. “Th ..
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