(a)whether Government has raised the EPF interest at 8.65 per cent for the year 2018-19;
(b)whether it is a fact that in comparison to 2015-16 the interest rate is lower than the previous year;
(c)if so, the reasons therefor; and
(d)the number of beneficiaries under EPF scheme and settlement of benefits to be made thereof?
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)
(a): Yes, Sir.
(b) to (c): The rate of interest to be credited to Employees’ Provident Fund (EPF) members’ accounts is based on all Incomes and Liabilities for the particular Financial Year.
(d): The number of members under EPF Scheme, 1952 during the year 2018-19 is 22,91,93,593 and settlement of benefits to be made thereof are 1,15,21,930.
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