How Does the New 9.5% PF Interest Rate Impact Your Retirement Savings?

Dear all, In a bonanza for over five crore employees in the organised sector, the Employees Provident Fund Organisation (EPFO) on Wednesday decided to raise the interest rate on their retirement savings by 1 percentage point to 9.5% for 2010-11. The EPF rate has been 8.5% since 2005-06. A 9.5% interest rate on PF will be good enough to cover the inflation rate. It is a good return in today's market.

Regards,
Jagdish Pathak

Please provide clarification or notification from the PF department regarding the increase in the PF interest rate by 1%. Specifically, from which date is this effective?

Kindly provide me with the EPF notification for the interest rate increase to 9.5%. Waiting for your response.

Regards,