The Employees Provident Fund Organisation (EPFO) took decision to pay 9.5% interest for the EPF contribution for this year after all financial calculation. But the private companies opposed stating that they can not pay 9.5% interest. Consequently, the finance ministry also started objecting to 9.5% and questioning the EPFO decision. EPFO has  reiterated their stand that sufficient balance is there to pay the 9.5% interest.

In fact, the finance ministry is advocating for the employer and wants to deny the rightful claim of the worker.

THE EPFO should implement its decision early. The workers can not be deprived of their rightful claim.