No decision yet on EPF interest rate

New Delhi, Nov 27 | Updated: Nov 28 2006, 08:55am hrs
The rate of interest for Employees' Provident Fund for 2006-07 has not been decided yet, the Lok Sabha was informed on Monday.

No recommendations have so far been made by the Central Board of Trustees, EPF, on the rate of interest for the current year, minister of state for labour and employment Oscar Fernandes said in a written reply.

He said the rate was based on the total yield of the fund, which is invested as perscribed by the government.

PTI