ESIC revises rate of interest on General Provident Fund accumulations

Mar 15, 2018 | by Avantis RegTech Legal Research Team

Employees State Insurance Corporation (ESIC) vide office memorandum dated March 14, 2018 has revised the rate of interest on the accumulations of the credit of General Provident Fund as under:-

Sl. No

Period

Rate of interest

1

From October 01,2017 to December 31, 2017

7.8% (Seven point eight per cent)

2.

From January 01,2018 to March 31, 2018

7.6% (Seven point six per cent)

 

It is further intimated that GPF interest, if any, calculated and paid in excess of the above mentioned rate of interest, including any final payment authority issued or interest credited in the account of any subscriber be revised accordingly and the excess payment made be recovered.

[N0.A-48/15/13/3/2018-E.III]

URL: http://www.esic.nic.in/attachments/circularfile/24db723d0c035cab525d7e721e6dce1d.pdf


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