EPF Board recommends 8.5 per cent interest rate

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New Delhi, Jan 24 (UNI) The Central Board of Trustees (EPF) has decided in favour of declaring an interest rate of 8.5 per cent as a sustainable rate.

The Board took a view on the matter at its meeting held here to consider the agenda for declaration of interest for the year 2007-08.

Some members reiterated their demand for declaration of a rate of 9.5 per cent.

However, The Board after considering all aspects decided to recommend to the Government an interest rate of 8.5 per cent.

UNI NAZ SY AS2029

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