Govt. hikes interest for gratuity funds to 8%
  • The government of India has notified a higher interest rate of 8% for the non-government provident, superannuation, and gratuity funds, effective from October 1 2018.
  • The interest rate on these funds has been raised from 7.6%.
  • This hike will help private sector employees who have enrolled for these provident funds gains extra returns.