The central government has finally notified the Employees' Provident Fund (EPF) rate at 8.5 % for for financial year 2013-14.
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The delayed notification means that all EPF subscribers who settled or / transferred their accounts in the last 14 months would have to approach the PF department to pay them an extra 0.25 %.
Till the EPF rate is notified, the PF office keeps settling accounts at the rate that prevailed in the year before, which in 2011-12, was 8.25 %.
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