PF interest rate increased to 9.5% for FY 2010-2011

Summary:

The government Employees' Provident Fund Organization (EPFO) has
announced the increase in interest rate of employees’ provident fund from 8.5% to 9.5% for the current financial year 2010-11.



Impact:Every employees of private and public sectors will earn more
interest in their PF contribution for this year.



Why do they increase interest rate for current financial year?

Increasing