7th Pay Commission: NPS funds earned more than PF in last six months
The central government employees have a lot to cheer about. Not only will they be receiving hike in their salaries, from August onwards, as part of the Seventh Pay Commission bonanza, the investment made in NPS funds have also issued rich dividends. All those who have invested into NPS funds have received more returns in last six months alone than what the Provident Fund usually offers in complete year. In the past six months, their retirement savings have earned more than what the Provident Fund offers in a full year.
As per a report in Economic Times, central government employees have earned 11.43 percent in the last three years and 10.5 percent in the past five.
In addition, government bond funds of the NPS have rose and so the the equity funds have benefited from the recent rally in the stock market.
Rate of interest on Small Savings Schemes for July-October quarter of FY 2016-17.
Source :ย Zee News
Gaurav says
How many DA from July 2016 will be declare ??
C.Ramanjaneyulu JE dharmavaram says
EL & HPL ERP To no entry pleas add me sir Hr no 199403597
shahi says
Sir …till now I have not received any arrear or any thing not even one rupees. ..in my pension account from 7 pay commission. ..
Sudhanya Dey says
Dear Sir ,
I have not received my revised pension arrears and pay not yet fixed always delayed practice by Treasury staff of Serampore, where my pension is drawn from SBI , Serampore , Hooghly . Rest our pensioners of Arunachal Government already got on 7.3.2017. We have not drawn yet . Please look in to matter .