Retirement subsidize body Employees' Provident Fund Organisation (EPFO) on Monday resolute to augment the rate of attention on Provident Fund deposits to 8.75 per cent for 2013-14, a move that will advantage about 5 crore subscribers.
"We have resolute to advocate to the management 8.75 per cent rate of attention for 2013-14 to its subscribers," Labour Minister Oscar Fernandes said after a gathering of the EPFO trustees.
The Central Board of Trustees, which is the peak decision-making corpse of the Employees' visionary finance Organisation (EPFO), met on Monday and permitted the attention price.
According to sources, the corpse had extra rites, which enabled the attention rate to be augmented from 8.5 per cent in the preceding monetary year (2012-13).