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Govt raises interest rate on provident funds to 9.5%

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Press Trust of India New Delhi

Govt raises interest rate on provident funds to 9.5%
Press Trust of India / New Delhi September 15, 2010, 18:37 IST

The government increased the interest rate offered in the employees' provident fund by 1 percentage point to 9.5 per cent for the fiscal year that ends in March 2011, Harish Rawat, Minister of State for Labour, told reporters on Wednesday.

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First Published: Sep 15 2010 | 6:37 PM IST

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