INTEREST OF PF SLASHED FOR 2011-12
The following is a reproduced version of the order issued in respect of declaration of Rate of Interest for EPF for the year 2011-12
No.Invest.I/3(2)/133/11-12/ROI/51350 Date : 14.3.2012
All Regional Provident Fund Commissioners
Regional Offices/Sub-Regional Offices
Subject : Declaration of Rate of Interest for the Employees Provident Fund Members Account for the Year 2011-12 – regarding.
It is to inform that Ministry of Labour and Employment, Govt. of India, vide its letter no. R-11018/1/2010.SS-II dated 14.3.2012 has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit interest @ 8.25% for the year 2011-12 to the account of each member of the Scheme.
You are, accordingly, requested to issue necessary instructions to all concerned for crediting the interest to the members’ accounts.
Financial Advisor and Chief Accounts Officer