Is Pf Interest Rate Down To 8.5??? - Pdf Download

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...

HI
Pl find in the attachment
Regards
Kennady
HR-Consultant

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