EPFO requested to take appropriate action with regard to revised rate of interest of Staff Provident Fund

Nov 15, 2019 | by Avantis RegTech Legal Research Team

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The Employees’ Provident Fund Organisation (EPFO) on November 14, 2019, has requested to take appropriate action with regard to revised rate of interest of Staff Provident Fund on the Resolution dated October 21, 2019. The Ministry of Finance had announced that the General Provident Fund and other similar funds should carry interest at the rate of 7.9% with effect from October 01, 2019 to December 31, 2019, during the year 2019-2020. This rate has come into effect from October 01, 2019.

The funds concerned are as follows:-

1. The General Provident Fund (Central Services), (Defense Services)

2. The Contributory Provident Fund

3. The All India Services Provident Fund

4. The State Railway Provident Fund

5. The Indian Ordinance Department Provident Fund

6. The Indian Ordinance Factories Workmen’s Provident Fund

7. The Indian Naval Dockyard Workmen’s Provident Fund

8. The Defense Services Officers Provident Fund

9. The Armed Forces Personnel Provident Fund

[HRD/3(2)2012/SPF/250]


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