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Interest payable on PF contributions Interest payable on PF contributions   Provident Fund is a sort of guarantee to an employee about one’s future financial security and stability. Small contributions as provided for by the law and even over that limit, paid every month into this Fund is used by an employee usually after retirement or even for meeting certain unforeseen contingencies and liabilities . Interest earned on it gets reinvested to earn a bit more of it and is thus a satisfaction to an employee of its own hue. However, there are reports that their such deposits in the UT of Jammu and Kashmir were slated to get interest at sliced rate in the very near future thus impacting their building of a healthy retirement corpus. However, on close scrutiny of the issue, it is revealed that bulk transfers of the concerned EPF account to centre being in process following the erstwhile state becoming a Union Territory, a committee set up to decide interest rate to be paid had yet

Jammu and kashmirUnion territoryProvident fundCommissioner labourஜம்மு மற்றும் காஷ்மீர்தொழிற்சங்கம் பிரதேசம்வருங்கால நிதிஆணையர் தொழிலாளர்