8.5% EPF rate for ‘05-06
The Government ignoring the demand of trade unions for retaining 9.5 per cent rate of EPF interest for the current fiscal, the government notified 8.5 per cent rate as recommended by the Central Board of Trustees of the EPFO. An official release said that the EPFO will meet the deficit of Rs 365.89 crore on account of 8.5 per cent interest rate from its own resources.