Interest on Public Provident Fund accounts calculated monthly on lowest balance and credited annually with prescribed rounding rules. Interest on Public Provident Fund accounts accrues at the rate notified by the Central Government and is calculated monthly on the lowest balance between the close of the fifth day and month end; interest for the year is credited at year end and fractional rupee amounts are rounded according to the prescribed midpoint rule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on Public Provident Fund accounts calculated monthly on lowest balance and credited annually with prescribed rounding rules.
Interest on Public Provident Fund accounts accrues at the rate notified by the Central Government and is calculated monthly on the lowest balance between the close of the fifth day and month end; interest for the year is credited at year end and fractional rupee amounts are rounded according to the prescribed midpoint rule.
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