"The Employees' Provident Fund Organisation (EPFO) will not pay less than 8.5 per cent interest rate on PF deposits for the current fiscal," an EPFO official said.
"The decision in this regard could be taken in December as the body is planning to schedule a meeting of its apex decision making body Central Board of Trustees (CBT) next month," he added. EPFO had provided 8.5 per cent interest rate for 2012-13, up from 8.25 per cent in 2011-12.
Trade unions have written to the Labour Ministry to urgently convene the meeting of EPFO's apex decision making body CBT to decide on the interest rate.
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