EPF INTEREST raised TO 13%
Sri Lanka, April 29 -- Higher than Parliament approved rate of 9%
Over 2.7 million active members to benefit
Finance State Minister Dr. Ranjith Siyambalapitiya yesterday said that the government has taken action to increase the interest of the Employees' Provident Fund from 9% to 13% in order to benefit 2.7 million employees.
Siyambalapitiya said the decision to increase the interest rate to 13 percent is unique as it was approved in Parliament to give 9 per cent interest to EPF beneficiaries under the domestic debt optimisation.
The State Minister also stated that the fear psychosis was created in the minds of employees that the Employees' Provident Fund is being destroyed.
The State Minister said that government's decision to raise t...
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