Sunday, September 8, 2013

PF deposits likely to receive 8.5% interest for FY 2013-14

The EPFO is likely to finalise the interest rates for the provident fund returns at 8.5% for the financial year 2013-14.  This leaves the rates unchanged from the last year.The EPFO estimates suggest that the interest rate of 8.5 per cent can leave some surplus for the body."In all likelihood, the interest rate on PF deposits for this fiscal will be fixed at 8.5 per cent," a source said.The s....