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LatestCorporate Compliance 13 October 2026

India Finance Update: PF Rate, UPI

The government kept the Public Provident Fund interest at 7.1% for Oct‑Dec 2026, and NPCI will charge merchant discount rates on select UPI transactions after Diwali. Gold and silver slipped for a second day on the MCX, and EPFO said retirees earn interest for three years after retirement. Other notes: a new CPC pay calculator for railway staff, Form 138 replacing 24Q for Q2 TDS returns, and EPF withdrawal now uses Form 121.
  • PPF interest unchanged – The Public Provident Fund rate remains at 7.1% for the Oct‑Dec 2026 period. (source)
  • UPI merchant discount charges – NPCI plans to levy a merchant discount rate on certain person‑to‑merchant UPI transactions after Diwali. (source)
  • Gold and silver prices fall – MCX spot prices for gold and silver dropped for the second consecutive day. (gold/silver live) (India fall)
  • EPFO retirement interest – Retirees continue to earn interest on EPF balances for three years post‑retirement before accounts become inoperative. (source)
  • CPC pay calculator – New 8th CPC pay calculator released for railway running staff. (source)
  • Tax form updates – Form 138 replaces Form 24Q for Q2 salary TDS returns. (source)
  • EPF withdrawal form change – Form 121 now replaces Forms 15G/15H for early EPF withdrawals. (source)
  • ECR filing wage ceiling – September 2026 EPF ECR filing introduces a ₹25,000 wage ceiling, effective mid‑month. (source)

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