Interest

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....9;s account on monthly running balance basis with effect from the last day in each year in the following manner: - (i) on the amount at the credit of a member on the last day of the preceding year, less any sums withdrawn during the current year -- interest for twelve months; (ii) on sums withdrawn during the current year- interest from the beginning of the current year up to the....

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....ixed for the financial year in which the withdrawal is authorised. Provided further that the rate of interest to be allowed on claims for withdrawal for the current year shall be the last declared rate on the Employees' Provident Funds and if the rate declared for any current year happens to be less than the previous year's declared rate, then it shall accrue as bonus to the outgo....

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....ccount on and from the first day of the month succeeding the month of credit to the end of the current year. (2) The aggregate amount of interest credited to the accounts of the members shall be debited to "Interest Account". (3) In determining the rate of interest, the Central Government shall satisfy itself that there is no overdrawal on the Interest Account as a result of the debit theret....