Login

Sign Up

Create an account to access the Law Library, all latest notifications, Minimum Wages & other events.

Employees Deposit Linked Insurance Scheme

Section 15: Investment of moneys belonging to the Insurance Fund

(1) All moneys standing to the credit of the Insurance fund as on 31st March, 1997 shall be kept in deposit with the Central Government in the Public Account, and the Central Government shall allow interest at a rate not less than 8% per annum.

(2) The moneys credited as contributions to the Insurance Fund on and from the 1st day of April, 1997 shall be invested as per the investment pattern notified under Paragraph 52 of the employees' Provident Funds Scheme, 1952.