Sri Lanka set to increase EPF interest rates to 13%
Posted by Editor on April 29, 2024 - 9:19 am
The Sri Lankan government plans to increase the interest rate of the Employee’s Provident Fund (EPF) from the existing 9 percent to 13 percent, effective from 2013.
Accordingly, the payment of a 13% interest rate for the EPF will be ensured for the year 2023 due to the good investment performance of the fund, as stated by Sri Lanka’s Minister of Finance, Ranjith Siyambalapitiya.
The Minister made these comments in response to a question raised by a journalist while attending a meeting held in the Yatiyantota area of the Kegalle district on Sunday (April 29).
He further stated that the EPF is the largest fund in the country with 2.7 million members.
Latest Headlines in Sri Lanka
- Public oral feedback on Sri Lanka’s electricity tariff amendments starts today December 27, 2024
- Sri Lanka launches program to digitize all Government payments December 27, 2024
- Sri Lankan woman dies after emergency plane landing in Erbil December 27, 2024
- Former Indian Prime Minister Manmohan Singh dies at 92 December 26, 2024
- Sri Lanka welcomes 2 millionth tourist, marking historic milestone December 26, 2024
