Govt. approves 8.75% interest on EPF deposit for 13-14

Government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO.

The Finance Ministry has given its concurrence to the Employees’ Provident Fund Organisation’s (EPFO) trustees’ decision to provide 8.75 per cent rate of interest to its members for the current fiscal.