EPF : - Employee's Provident Fund Interest Rate raised to 8.75%
The Employees Provident Fund Organisation has decided to increase the interest rate on deposit in PPF to 8.75 % for the year 2013-14. Presently this is 8.50%. The new decision impact is 0.25% over the present interest rate 8.50%. The announcement made by labour minister Oscar Fernandes after a meeting on Monday will benefit close to eight crore subscribers.
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