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State Minister of Finance Announces Plan to Raise (EPF) Interest Rate to 13% from 2023

State Minister of Finance, Ranjith Siyambalapitiya, has revealed that steps are underway to elevate the interest rate of the Employees’ Provident Fund (EPF) from the current 9% to 13%, effective from 2023.

The minister assures that the payment of a 13% interest rate for the EPF will be guaranteed for the year 2023, attributing this enhancement to the commendable investment performance of the fund.

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