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 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.

“9.5% interest rate on PF will be good enough to cover for 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,