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Thursday, April 26, 2012

EPF interest rate will be raised to 8.6% this year

Interest rate on EPF will be increased to 8.6 per cent for the year 2012-2013. This will benefit around five crore EPF subscribers.The Labour & Employment Minister, Shri Mallikarjun Kharge informed the Rajya Sabha that as per para 60(1) of the Employees’ Provident Funds Scheme, 1952, rate of interest on the Employees Provident Fund is determined by the Central Government in consultation with the C....

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