Parliament Members from Left, AIADMK, Asom Gana Parishad and some other parties strongly protested in the Parliament against the move of the EPF to reduce the interest rate to its subscribers from 9.5% to 8.25%.  In a letter to the government they pointed out that while the bank interests are increasing now and then, how the EPF rate can be reduced? The EPF is part of the social security to the workers and how their hard-earned money can be curtailed by the EPF? They pointed out that EPF is a long-term fixed fund and it should ge given more interest than the regular fixed deposit etc. they wrote.

The government should act immediately and ensure that the EPF rate is increased from 9.5% or at least it should not be reduced.