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
- Defence Secretary leads talks on MRIA fence damage June 18, 2025
- Sri Lanka President salutes Treasury Secretary’s economic leadership June 18, 2025
- Keheliya Rambukwella, wife and daughter arrested by Bribery Commission June 18, 2025
- Vraie Cally Balthazaar assumes duties as Colombo’s 26th Mayor June 18, 2025
- Bus-Truck collision injures 23 in Meennana June 18, 2025
