New Delhi: Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal.
The Finance Ministry has ratified the rate for 2014-15, after a decision was taken to retain the interest payout at this level by the Central Board of Trustees of the Employees' Provident Fund Organisation, sources said.
As per the practice, EPFO trustees' decision gets implemented after the concurrence of the Finance Ministry.
Following the ratification by the Finance Ministry, the decision would now be notified by the Labour Ministry as also by the Income Tax Department.
Photos: Akshay Kumars son Aarav's night out in Juhu
Photos: Shilpa Shetty, son Viaan, Geeta Basra on 'Aunty Boli Lagao Boli' sets
Photos: Isha Ambani and mom Nita show their stylish side
Photos: Ileana D'Cruz flaunts plunging neckline in black dress
Photos: Shamita Shetty, Bhumi Pednekar at fashion show