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Interest rate on PF: No proposal under consideration to increase interest to 9% in the year 2014-15

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
RAJYA SABHA

QUESTION NO 830

ANSWERED ON 16.07.2014

Interest rate on PF

830 SHRI D. RAJA

Will the Minister of LABOUR AND EMPLOYMENT be pleased to satate :-

(a)whether Employees’ Provident Fund Organisation (EPFO) has a proposal under consideration to increase the interest rate on Provident Fund (PF) deposits from the present rate of 8.75 per cent to 9 per cent in the year 2014-15; and
(b)if so, the details thereof?

ANSWER

MINISTER OF STATE FOR STEEL, MINES, LABOUR & EMPLOYMENT (SHRI VISHNU DEO SAI)
(a): No, Sir.
(b): Does not arise in view of reply to part (a) above.

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