bibleHR

EPF Interest Rate 8.65% for 2016-17

The ministry of Labour and Employment, has conveyed the approval of the decision to credit 8.65% Interest for Employee Provident Fund deposits for the period 2016-2017. Order: PF Interest Rate 2016-17

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bibleHR

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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