One of my colleagues said that the PF annual interest rate has dropped from 9.5% to 8.5%. Is this true? Please update me if anyone knows about this. Also, let me know what the root causes are for reducing the interest rate to 8.5%.
Thank you.
From India, Hyderabad
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1Thank you.
From India, Hyderabad
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Hi, Yes. EPF Interest Rate cut down from 9.5 to 8.5% for the year2011-2012. Regards Sandhya
From India, Ranchi
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From India, Ranchi
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Can I know what the exact PF rate is from the employer's side and the employee's side? My company mentioned 13.61% as the employer's contribution in the salary annexure. Can I know the exact percentage for the same?
Regards,
Nikita
From India, Vadodara
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Regards,
Nikita
From India, Vadodara
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The actual PF interest that has been paid is 8.5% on a yearly basis. In the last year, i.e., 2010-2011, the PF department paid 1% extra. Instead of 8.5%, they paid 9.5%, having an excess amount with them. For the fiscal year 2011-2012, instead of paying 8.5%, they are paying an interest rate of 8.25%. Please refer to the notification attached by Mr. Kennady.
Regards,
Vinod Kumar
From India, Bangalore
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Regards,
Vinod Kumar
From India, Bangalore
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EPF-INTEREST RATE-2012-13.pd f