The Employees Provident Fund Organisation (EPFO) has decided in its meeting today, 25th February 2013, to pay 8.5 per cent interest rate to its over 5 crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the last financial year 2011-12. But this is far below the demand placed by the Unions that it should be 9.5% interest.
The decision was taken at the meeting of the Central Board of Trustees (CBT), the highest decision making body of the Employees’ Provident Fund Organisation (EPFO).