Govt notifies 8.5% EPF interest for FY07

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Govt notifies 8.5% EPF interest for FY07

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October 20, 2007 19:28 IST
The central government has notified the Employees Provident Fund (EPF) rate of interest at 8.5 per cent for 2006-07.

The Central Board of Trustees (CBT) of EPF, in July, had recommended interest at 8.5 per cent. The government has now accorded its approval to notify the specified rate of interest for the year.

Regional Provident Fund Commissioners were also directed by CBT and Minister for Labour and Employment Oscar Fernandes to issue the annual statement of accounts for 2006-07 at the earliest to subscribers.

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