Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsUnpaid Provident Fund accumulate compound interest in certain cases
| 35. Notwithstanding anything in the preceding provisions of this Part and without prejudice to any right or remedy where the full amount lying to the credit of a contributor in the Provident Fund is not paid to him within a period of three months from the date on which his account was closed, the amount lying to his credit shall accumulate compound interest at such rate as is determined for the purpose of section 32(3) upto the last day of the month preceding that in which the full amount lying to the credit of his account is paid :Provided that such interest shall not be paid in cases where the delay in the payment of such amount to such contributor was due to any fault of the contributor. |