Question : INCREASE IN RATE OF INTEREST ON EPF



(a) the welfare measures taken by the Employees’ Provident Fund Organisation (EPFO) for Employees Provident Fund (EPF) subscribers; and

(b) the steps taken by the Government to increase the rate of interest on EPF?

Answer given by the minister


MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI HARISH RAWAT)

(a): The details of benefits of the three Schemes framed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 available to members are given as per statement at Annexure.

(b): Since September, 2008, efforts have been made to increase yields on investments of Employees’ Provident Fund by introducing multiple fund managers to manage its portfolio.