EPF interest reduced to 8.25 %

Central government has announced an interest rate of 8.25 per cent on PF or PF deposits for the year 2011-2012 ie reduce the rate of interest on deposits in the EPF to 8.25 per cent from the existing rate of 9.5%. This is the single largest rate cut in over a decade and would be 1.25 % lower than than the existing interest rate enjoyed by 4.7 crore subscribers in 2011.