EPFO may fix deposit rate at 8.5%

Aug 27, 2010 |

Correspondent

For the sixth year in a row, over 4.7 crore subscribers of retirement fund manager EPFO are likely to get 8.5 per cent interest on their deposits in the current fiscal. “EPFO’s apex decision-making body, the Central Board
of Trustees (CBT), is likely to fix 8.5 per cent interest for subscribers at its meeting scheduled for Septem-ber 10,” a source said. He said that maintaining 8.5 per cent rate of return for depositors is expected to leave a surplus of `15.26 crore with EPFO.

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