Question : DIFFERENTIAL INTEREST RATE ON EPF



(a) whether the Government has decided to offer differential rates of interest on Employees Provident Fund (EPF) to workers with different EPF deposits;

(b) if so, the details thereof; and

(c) the reaction of National Labour Unions thereto?

Answer given by the minister


MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF LABOUR AND EMPLOYMENT (SHRI OSCAR FERNANDES)

(a): No, Sir.

(b)&(c): Does not arise in view of (a) above.