Central Provident Fund Act
(Chapter 36, Sections 6(4) and 12(2)(b))
Declaration of Interest Payable on Contributions
N 7
G.N. No. S 447/1993

(30th March 1994)
[1st January 1994]
The Central Provident Fund Board, with the approval of the Minister for Finance, has declared that, with effect from 1st January 1994 —
(a)the rate of interest payable on contributions to the Central Provident Fund shall be 2.50% per annum; and
(b)the interest shall be credited to members’ accounts on the last day of the year.