Govt approves 8.75% interest on EPF deposit for 2013-14
MAS Team | 07 March 2014
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The government has approved payment of 8.75% interest on provident fund (PF) deposits in 2013-14 for the 50 million subscribers of the retirement fund body Employees' Provident Fund Organisation (EPFO).
"The finance ministry has given its concurrence to the EPFO trustees' decision to provide 8.75% interest to its members for the financial year," an official said.
The EPFO's apex decision-making body, the Central Board of Trustees (CBT) headed by the labour minister, had decided to raise the interest from 8.5% in 2012-13, in its meeting on 13th January.
The CBT decision was sent to the finance ministry for vetting.
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In case of any grievance / complaint :
In case of any grievance / complaint :
- Please contact Compliance Officer Shraddha Mhatre at [email protected] and Phone No. - 91-22-35131664.
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