EPFO revises the rate of interest of Staff Provident Fund with effect from January 01, 2020

Jan 27, 2020 | by Avantis RegTech Legal Research Team

A |  A

Labour Compliance

The Employees’ Provident Fund Organisation (EPFO) on January 22, 2020, has requested to take appropriate action with regard to revised rate of interest of Staff Provident Fund on the Resolution dated January 15, 2020. 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 January 01, 2020 to March 31, 2020. This rate has come into effect from January 01, 2019.

The funds concerned are as follows:-

1. The General Provident Fund (Central Services)

2. The Contributory Provident Fund (India)

3. The All India Services Provident Fund

4. The State Railway Provident Fund

5. The General Provident Fund (Defence Services)

6. The Indian Ordinance Department Provident Fund

7. The Indian Ordinance Factories Workmen’s Provident Fund

8. The Indian Naval Dockyard Workmen’s Provident Fund

9. The Defence Services Officers Provident Fund

10. The Armed Forces Personnel Provident Fund

[HRD/3(2)2012/SPF/322]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.