EPFO raises interest rates for subscribers to 8.5% for 2012-13

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PTI: New Delhi, Feb 25 2013, 21:37 IST

expressed our reservations as we wanted higher interest rate," said D L Sachdev, secretary All India Trade Union Congress (AITUC) after the CBT meeting.

According to the EPFO's estimates, payment of 8.5 per cent interest rate on PF deposits for the ongoing fiscal would leave a surplus of Rs 4.13 crore.

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