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Brace for fall in EPF, PPF rates on govt bond yields

The yields from government bonds to which these rates are linked have fallen 60-70 bps since the last rate cut in March. Currently, the EPF rate is 8.8 per cent, which is unlikely to be maintained this year, reports The Economic Times. A basis point is 1/100th of a percentage point.

Earlier, NPS schemes which were launched five years ago, had failed to get retail subscribers. Retail NPS has grown by over 100 per cent over the past one year.
With less than a fortnight left before July 31 deadline, here is a quick guide to help you e-file your returns for a smooth and hassle-free exercise:
Earlier, a subscriber had to contribute at least Rs 6,000 in a financial year (April-March) to keep the Tier-1 account running.
Earlier, the last date for filing returns by individuals was July 31. Last year, the deadline was extended to August 31 and further to September 31.