The Central Board of Trustees of the EPF which will meet on 13th January is expected to announce 8.5 % interest for the deposits, just like last year.
The EPFO, which is estimated to have an income of Rs 20,796.96 crore in the current fiscal, needs Rs 20,740 crore to pay 8.5 per cent interest to the subscribers.
EPFO had provided 8.5 per cent interest in the 2012-13 fiscal, which was higher than 8.25 announced in 2011-12. The demand of the employees organisations are that the interest should be 9.5% which is not agreed.