Government approves 8.75 % interest rate on PF deposits for 2014-15

The Finance Ministry has approved 8.75 per cent interest rate on Provident Fund, PF deposits for the year 2014-15. This rate of interest on PF deposits will now be notified by the Labour Ministry as well as by the Income Tax Department. The decision will be implemented from the date of notification. 

Employees' Provident Fund Organisation, EPFO's Central Board of Trustees had decided to retain the interest rate on PF deposits at 8.75 per cent for the current fiscal at its meeting on the 26th of August. As per the practice, decision of the trustees of EPFO on interest rate is implemented after the concurrence of the Finance Ministry.