The interest rates paid for Employees Provident Fund (EPF) will be increased to 13 percent with effect from 2023 according to the State Minister Of Finance Ranjith Siyambalapitiya.
During the Government debt restructuring process last year the interest rate of EPF received by 2.7 million employees in the Private and Semi government Sectors has been reduced to 9 percent.As the EPF has received a good income during last year it has been decided to increase the interest rate of the Fund to 13 percent the State Minister of Finance has stated.
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