The DoE reiterated that if an employee's monthly NPS contribution is credited past the established deadline, interest must be paid to the subscriber for the duration of the delay. This compensatory interest will match the prevailing PPF interest rate, which currently stands at 7.1%
Facing NPS remittance delays? Finance Ministry steps in with stern warning, errant officials risk penalties
The DoE reiterated that if an employee’s monthly NPS contribution is credited past the established deadline, interest must be paid to the subscriber for th…
