New Delhi: Retirement fund body EPFO has rescheduled the meet of trustees to January 13 when it will announce interest rate on PF deposits for 2013-14 and may offer its over 5 crore subscribers a little more than 8.5 per cent given in 2012-13.
The Central Board of Trustees (CBT), headed by the Labour Minister, the apex decision-making body of the Employees' Provident Fund Organisation (EPFO), will consider the interest rate and other matters at the meet which was initially scheduled for January 14.
“EPFO had convened a meeting of CBT on January 14 which has been rescheduled to January 13 next year. The meeting is rescheduled because Eid Milad-un-Nabi will fall on January 14,” EPFO's Central Provident Fund Commissioner K K Jalan told PTI.
“Among other issues, rate of interest for 2013-14 will be discussed and approved by the trustees. The decision on interest on PF deposits is pending for long and it would be taken by the board in the meeting,” he added.
A decision on the interest rate is pending as the CBT has not met after it was reconstituted in May.
