Provident Fund Interest Rate slashed to 8.25%…
Employees Provident Fund Interest Rate slashed to 8.25% from the existing rate of 9.5% for the year 2011-12…
Employees Provident Fund Organisation has informed through a office letter to all Regional Provident Fund Commissioners on 14th March, 2012 to take necessary action regarding the interest rate on deposits.
The order said that the Ministry of Labour and Employment, Government of India, vide its letter No.R-11018/1/2010.SS-II dated 14.03.2012 has conveyed the approval of the Central Government under para 50(1) of Employees’ Provident Fund Scheme, 1952 to credit interest @ 8.25% for the year 2011-12 to the account of each member of the scheme.
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