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Inoperative Provident Fund Accounts to Earn Interest: PF Amendment 2016

On last Wednesday November 2, Shri Bandaru Dattatreya, Labour Minister said, “The inoperative (Employee Provident Fund) accounts are not being paid interest since 2011. As per the instructions given the Prime Minister Narendra Modi and Finance Minister Arun Jaitley, Labour Ministry decided to start paying interest to those accounts to make them operative”. Now, even […]

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