There is good news for five crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.5% for FY 2012-13.
This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had led to vociferous protests from political parties, trade unions and employees who depend on the scheme for their retirement benefits.
Below is the history of EPF Interest rates.