A proposal to revise the interest rate of Employees Provident Fund (EPF) by means of 0. 25 % is under the consideration on the government.
Replying to a question in Rajya Sabha, Minister connected with State for Work and Employment Kodikunnil Suresh mentioned the Central Board of Trustees (CBT) Employees' Provident Fund (EPF), at their meeting, has advised 8. 75 % interest rate with regard to 2013-14, which is definitely an increase of 0. 25 % over the past year of 2012-13.
Proclaiming that employees' representatives of CBT, EPF are actually demanding an increase inside interest rate in EPF, he mentioned, however, the monthly interest depends upon the earning around the investment of this fund.
On the basis of the provide earning, CBT, EPF has proposed an interest of 8. 75 %, he added.