EPFO May Lower Interest Rate On PF Deposits To 8.25% In Fy'12

New Delhi, Dec 8: Retirement fund body EPFO has recommended a cut in interest rate on provident fund deposits to 8.25 per cent for 2011-12 from 9.5 per cent in the last fiscal.

“It is observed that the 8.25 per cent rate of interest is feasible (in 2011-12),” said the agenda note for the meeting of Finance and Investment Committee, the EPFO advisory body. The meeting is scheduled for December 22.

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