New Delhi, Jan 13, 2014
The Employees Provident Fund Organisation decided to increase the interest rate on Provident Fund deposits for 2013-14 to 8.75%.
This is an improvement of 0.25% over the 8.5% interest rate paid last year.
The announcement made by labour minister Oscar Fernandes after a meeting on Monday will benefit close to eight crore subscribers.
EPFO fixes the rate based on the interest earned on its investment and its expenses.
Are you one of the subscribers of the EPFO? Then check your accounts online on a real-time basis by clicking here.
* Spot gold was up 0.2 percent at $1,326.22 an ounce at 0102 GMT. * Yellen is scheduled to address a meeting of central bankers in Jackson Hole, Wyoming, at 1400 GMT on Friday. * The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.1 percent at 94.695. …