Home > Business > PTI > Report

EPFO rules out differential rates

July 14, 2004 19:24 IST

The Employees' Provident Fund Organisation on Wednesday categorically ruled out differential rates for its 3 crore (30 million) subscribers.

"It is clarified that no such discussion took place during the (June 30) meeting of the Central Board of Trustees and such a proposition was neither mooted nor considered," Regional Provident Fund Commissioner U C Tewari said in a statement.

The assertion comes in the wake of reports that the June 30 meeting had considered an option of declaring differential rate of interest for different categories of EPF members.

"All members, whether covered through mandate of law or in a voluntary manner, are indistinguishable once they become members," he said in the statement.


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


EPF rate may remain at 9.5%

Cut PF rate to 8%, says panel

Unions against FDI cap hike









© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2004 rediff.com India Limited. All Rights Reserved.