Interest rate for employees provident fund unchanged

Calcutta News.Net
Saturday 20th October, 2007 (IANS)

The government Saturday decided to maintain 8.5 percent interest rate for the 40 million subscribers of the employees' provident fund (EPF) scheme for 2006-07.

'The central government has notified 8.5 percent rate of interest for the year 2006-07,' Central Provident Fund Commissioner A. Viswanathan told reporters here. The fund's trustees had also recommended the same interest rate.

The fund commissioners have been asked to immediately implement the decision.

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