image

MoF declares 8.5% interest on PF deposits

The Ministry of  Finance has approved payment of 8.5%  rate interest for 2012-13, up from 8.25% in the previous fiscal. The related circular is provided here.

*****

Employees™ Provident Fund Organisation

(Ministry of Labour & Employment, Govt. Of India)

( Head Office)

Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066

 No. Invest.I/3(2)/133/ ROI/2012-13/4462,   Dated: 15.05.2013

Subject:       Declaration of Rate of Interest for the Employees Provident Fund Members™Account for the year 2012-13- regarding.

Sir,

I am directed to inform that Ministry of Labour and Employment, Govt. of India, vide its letter No. R-11018/1/2013.SS-II dated 15.05.2013 has conveyed the approval of the Central Government under para 60(1) of Employees™ Provident Fund Scheme, 1952 for crediting interest @ 8.50% on EPF accumulation for the financial year 2012-13 to the account of each member of the EPF Scheme.

It is therefore, requested to issue necessary instructions to all concerned for crediting the interest to the members™ accounts.

Yours faithfully,

(MANORANJAN KUMAR)

REGIONAL P. F. COMMISSIONER-II (INVESTMENT)

*****

Tags: Central GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentGovernment of IndiaIndiaMinistry of Labour & EmploymentNew Delhi

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates