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Decision on EFPO interest rate for 2011-12 soon: minister

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Press Trust of India Hyderabad
Last Updated : Jan 20 2013 | 2:09 AM IST

Labour minister Mallikarjun Kharge today said here that Employee Provident Fund trustees would meet soon to discuss the interest rate for 2011-12 and appointment of fund managers.

"The PF trustees are meeting shortly; this month or next. We will decide on so many things, investment, interest and administrative matters," Kharge told reporters.

When asked whether the meeting would also discuss the appointment of fund managers for EPF, the minister said, "Everything."

Kharge was speaking at foundation stone ceremony of ESIC Dental College and inauguration of ESIC Regional Office (New Building Complex) at Nacharam here.

ABout 4.71 crore EPFO subscribers got 9.5% interest for 2010-11.

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First Published: May 20 2011 | 6:55 PM IST

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