EPFO to provide 8.75% interest on PF deposits for FY14

India Infoline News Service | Mumbai |

The EPFO is expected to have an income of Rs. 207.96 billion in the current financial year

Retirement fund body EPFO (EMPLOYEES' Provident Fund Organisation) on Monday decided to increase the rate of interest on Provident Fund deposits to 8.75% for 2013-14, according to a media report.

The Central Board of Trustees, which is the apex decision-making body of the EPFO, met today and approved the interest rate, the report added.

The EPFO is expected to have an income of Rs. 207.96 billion in the current financial year.
 

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