Interest rate on PF hiked by 0.25 percent to 8.75 percent

New Delhi/January 13
The retirement fund body Employees Provident Fund Organisation (EPFO) on Monday raised interest rate on Provident Fund (PF) by 0.25 percent to 8.75 percent for year 2013-14 as compared to earlier interest rate of 8.50 percent that was provided on PF in 2012-13.
As per reports, EPFO after a meeting with its trustee today decided to provide a hike of 0.25 percent on PF for the year 2013-14 to commensurate it with the total earning of the trust.
Last year, EPFO had paid an interest rate of 8.50 percent to over 5 crore subscribers in 2012-13 from the earlier decided rate of interest i.e. 8.25 percent.