Interest rate for employees provident fund unchanged

Calcutta News.Net
Saturday 20th October, 2007

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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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