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EPF interest rates to be increased

by Shabee Lakehouse
April 28, 2024 7:36 pm 0 comment

State Minister of Finance Dr. Ranjith Siyambalapitiya today said that the government has taken steps to increase the interest of the Employees’ Provident Fund from 9% to 13% in order to benefit 2.7 million employees

Siyambalapitiya said that the decision to increase the interest rate to 13 percent is unique as it was decided approved in Parliament to give 9 per cent interest to EPF beneficiaries under the domestic debt optimization.

 

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