Employee Provident Fund Organization (EPFO) has reduced the EPF interest rate for 2011-2012 to 8.25% from 9.5%. Based on their calculation, They can not afford to give more interest to 4.72 crores PF account holders.
Year Interest Rate
11-12 8.25%
10-11 9.50
09-10 8.50
08-09 8.50
Recently Government had increased interest rate for NSC, PPF and other
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