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EPF interest increased

July 28, 2010 Local News View Comments

The Ministry of Labour Relations and Productivity Promotion has assured an attractive interest of 13.75 percent for the Employees of Provident Fund.

It is planned to grant this interest for the deposits maintained by all EPF members. Minister Gamini Lokuge said that their intention was to ensure a high interest to all EPF members. This is considered as the first time that the members will get an opportunity of enjoying a high interest for their EPF accounts. An objective of this move is to increase the number of members who will be contributing to the Fund. Also increasing the deposits will help to channel more funds for the development of the country. Economic analysts point out that this would be of much relief to the entire nation.