Interest Rate for delayed payment under the Code on Social Security, 2020
- May 29, 2026
- Posted by: AscentHR
- Categories: India (All States), Notification, Telangana
The Government of India, vide notification no. S.O.2698(E), dated 29th May 2026, has announced that employers are mandated to pay simple interest at the rate of 12% per annum on any outstanding amounts due under the Code on Social Security, 2020, calculated from the date the amount became due until the date of actual payment.
This new rate will be effective from 21st November 2025. Consequently, the interest rate for delayed payment of EPF and ESI contributions, gratuity payments, and maternity benefits will be at the rate specified above.
Please refer below to the notification:
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