EPF rates may rise for year 2012-2013

The interest offered by the Employees’ Provident Fund Organisation ( EPFO) is likely to rise this year, say sources in EPFO.

For year 2012-2013 EPF rates are expected to be around 8.5%

EPFO’s interest rate for prevoius year

Year  EPF rate of Interest
2012-2013 expected to be 8.5%
2011-2012 8.25%
2010-2011 9.50%

The rate for the current financial year ( 2012-2013) has not been announced yet. The delay means those who retire this year cannot avail of the raise in interest, as the previous year’s rate would apply in their case.

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