+4 Others

Dear all,
One of my colleague said that PF annual interest rate down from 9.5 to 8.5...
Is it true ?? please update any one knows about this...
and also let me know what are the root causes for cutting down the interest rate to 8.58...

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HI Pl find in the attachment Regards Kennady HR-Consultant

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File Type: pdf PF Interest 8.25%.pdf (43.2 KB, 256 views)

Hi, Yes. EPF Interest Rate cut down from 9.5 to 8.5% for the year2011-2012. Regards Sandhya
Hi,
Can i know what is the exact PF rate from employers side and employees side?
My company mentioned 13.61% as employers contribution in the salary anexure. can i know the exact % for the same. .
Regards...
Nikita
Hi, actual PF interest that's been paid is 8.5% on yearly basis. In last year i.e. 2010 - 2011, PF dept paid 1% extra i.e. instead of 8.5% they paid 9.5% of having excess amount with them.
For Fiscal year 2011 - 2012 instead of paying 8.5%, they are paying interest of 8.25%, please refer to Notification attached by Mr. Kennady.
Regards,
Vinod Kumar
With the Union Budget 2012-2013, Employees Provident Fund Organisation (EPFO) has slashed the return of statutory savings to 8.25 % from 9.5 % in this fiscal year. Harsh
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