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  • News From Press Provident Fund interest rate hike pales before double-digit returns from NPS

    Provident Fund interest rate hike pales before double-digit returns from NPS

    Source: Economic Times May 2, 2016

    If the 5 basis point hike in interest rate of the Employees' Provident Fund (EPF) made subscribers smile, those covered by the New Pension System (NPS) must be laughing.

    Most NPS investors earned double-digit returns in the past 3-5 years. Central and state government employees covered by the scheme earned between 9.3% and 10.15% during this period.

    The performance of individual schemes is not very helpful because NPS investors put money in a combination of funds.

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