Increase in Interest Rate on EPF

Ministry of Labour & Employment23-February, 2011 16:32 IST

Increase in Interest Rate on EPF

For the financial year 2010-2011, 9.5% rate of interest on EPF has been recommended by the Central Board of Trustees, Employees' Provident Fund [CBT(EPF)] in the 190th meeting held on 15.09.2010 based on the funds available in the interest suspense account. The Ministry of Labour & Employment has forwarded the recommendation of CBT to the Ministry of Finance (Department of Financial Services) for approval. This information was given

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