EPFO decides 8.5% interest rate on PF

Agencies
Posted: Saturday, Jul 04, 2009 at 1359 hrs IST
Updated: Saturday, Jul 04, 2009 at 1359 hrs IST

Font Size

Feedback

Discuss

Bloomberg to lay off 130 employees RPO market on the upswing: Everest

New Delhi: The Employees' Provident Fund Organisation (EPFO) decided to give 8.5 per cent interest on provident fund deposits of 4.5 crore subscribers.

The decision to recommend 8.5 per cent interest rate, the same as the last fiscal, to the Finance Ministry was taken by EPFO's Central Board of Trustees (CBT).

The CBT, the apex policy making body of EPFO, decided to retain the interest rate at the existing level at a meeting which was chaired by Union Labour Minister M Mallikarjun Kharge.

Payment of 8.5 per cent interest rate on provident fund deposits, which are of the order of Rs 1.82 crore, is expected to leave a surplus of Rs 6.4 crore during the current fiscal.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.