LatestCorporate Compliance 8 July 2026
Finance Ministry Keeps 7.1% Rate
The Finance Ministry has retained the 7.1% interest rate for the Special Deposit Scheme, effective from 1 July 2026, as per the latest notification. This decision is expected to impact the returns on deposits under this scheme, and individuals can expect to earn 7.1% interest on their special deposits from the specified date onwards, with the Labour Ministry also notifying contribution rates under EPF, EPS, and EDLI schemes for 2026.
The Finance Ministry has made a decision regarding the Special Deposit Scheme. *Key points* of the scheme are:
- The interest rate has been retained at 7.1%.
- The notified rate came into effect from 1 July 2026.
Also, the Labour Ministry has notified contribution rates under EPF, EPS, and EDLI schemes for 2026.
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