Interest rate on EPF deposits for year 2013-14

Update: Finance Ministry has approved the EPF interest rate of 8.75% for the financial year 2013-14. EPFO has proposed to raise the interest rate on EPF deposits to 8.75% for the financial year 2013-14. The interest rate in the previous financial year was 8.5%. This proposal was made on January 13, 2014 (related news).

However please note that this proposal has to be approved by the finance ministry. Only after their approval, the interest is credited into the accounts of subscribers. The final decision on interest rate by finance ministry should come by April/May. For eg. last year, the final approval by govt. came on 15th May, 2013. A copy of the circular is attached here :