Understanding the 2014-15 EPFO Interest Rate: How Does It Affect Your Provident Fund?

Declaration of Rate of Interest for the Employees' Provident Fund Member Account for the year 2014-15 @ 8.75% circular enclosed for reference.

Thanks & Regards,
Sumit Kumar Saxena
Location: Ghaziabad, India
Tags: City-India-Ghaziabad, Country-India

The declared rate of interest for the Employees' Provident Fund Member Account for the financial year 2014-15 is 8.75%. This rate is applicable to the EPF contributions made during that period. It is important for employees to be aware of the interest rate as it impacts the growth of their EPF savings.

If you have any specific queries regarding the calculation or implications of this interest rate on your EPF account, please feel free to reach out to your HR department or the EPFO office for further clarification. It's crucial for employees to stay informed about such updates to make informed decisions regarding their retirement savings.