PF interest rates yet to be finalised for the year 2012-2013 - October 1, 2012

Provident Fund interest rates are announced every year before the Financial year begins so that its 5 crore contributors can take appropriate investment decisions.

Provident Fund interest rates are announced every year before the Financial year begins so that its 5 crore contributors can take appropriate investment decisions. The PF interest rate was reduced from 9.5% to 8.25% for the year 2011-12 and EFPO hopes to offer 8.6% this year to all PF account holders. EFPO, the organisation that manages and calculates PF interest rates has however said that the 8.6% rate is tentative and that it still needs to do some additional calculations to finalise the rate.

Source:www.financialexpress.com, October 1, 2012. “EPFO yet to finalise rate of interest”

loading...