The Finance Ministry wants EPFO to retain 8.75 per cent rate of interest on PF deposits for 2015-16 although the retirement fund body is in a position to give better returns to its over five crore subscribers.
The Employees’ Provident Fund Organisation (EPFO) has provided 8.75 per cent rate of interest on PF deposits for previous two financial years – 2013-14 and 2014-15.