The Employees Provident Fund Organization (EPFO) has announced that the rate of interest for PF account for the financial year 2012-2013 would be 8.5% per year. Over five crore EPFO subscribers would get 8.5 per cent interest for their deposits for 2012-13, higher than 8.25 per cent disbursed in the previous financial year.
As the rate was expected to be increased to 8.75% for FY 2012-13, but it has been kept at 8.5% to avoid any deficit for the EPFO.
For your information EPF (Employee Provident Fund) & VPF (Voluntary Provident Fund) Interest rates are decided by Employees’ Provident Fund Organisation (EPFO) and the government every year.
Since the EPF/VPF interest rates have been increased from the 8.25% rate which was applicable for 2011-2012, but it is still much lower than the 9.5% interest paid in 2010-2011 and those rates during 1989 till 2000 which was at much higher at 12% pa.
Here I would like to share the historical interest rates of EPF/VPF since 1952;
Note: The interest rate structure for FY 2013-14 & FY 2014-15 have been kept at 8.75% per annum;