EPFO likely to announce 8.65 percent interest on EPF for 2017-18
In order to maintain the 8.65 percent interest this fiscal, the Employees Provident Fund Organisation (EPFO) had sold a portion of its investments in the exchange-traded funds (ETF) worth Rs 2,886 crore earlier in February.
Para 72(6) Employee Provident Fund Scheme 1952 defines an Inoperative account as follows: Any amount becoming due to a member as a result of (i) supplementary contribution from the employer in respect of leave .
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In order to maintain the 8.65 percent interest this fiscal, the Employees Provident Fund Organisation (EPFO) had sold a portion of its investments in the exchange-traded funds (ETF) worth Rs 2,886 crore earlier this month, the sources said.
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