The government will issue a notification authorising retirement fund body Employees Provident Fund Organisation (EPFO) to pay 8.8 per cent interest on "inoperative" accounts, Union Labour Minister Bandaru Dattatreya said, according to PTI reports.
"I have already signed the file concerned. The notification will be issued soon. We will pay 8.8 per cent interest on those accounts. About 9.70 crore workers or emplo-yees will benefit from this notifi-cation. This is a Diwali gift for the people. We will issue the notification within a week," he told PTI.