EPF Interest Rate of 8.5% for 2013-14 Declared by EPFO

As per the EPFO official, the EPFO will pay 8.5% for the year 2013-14 without any changes as compared to 2012-13 (which was also 8.5%). The final update on this will be confirmed tentatively in December when a meeting is up for this discussion. This time people can expect EPFO to declare the rate of interest before the end of the financial year unlike past years where it was declared late. 

Though the rate of interest is declared, people have to wait till the account is credited. There is a procedure that has to be followed and once the Finance Ministry notifies about the confirmation of the rate accounts are credited. 

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