The Employees’ Provident Fund Organisation (EPFO) gave an average interest of 8.67 per cent to its account holders in three years up to 2014-15.
The rate of interest during 2014-15 has been declared at 8.75 per cent, 8.75 per cent in 2013-14 and 8.50 per cent during 2012-13, Labour Minister Bandaru Dattatreya said in the Parliament today.
In the current financial year up to December 2014, EPFO invested a total of 3.59 lakh crore in various schemes, he added.
Similarly, EPFO invested Rs. 3.25 lakh crore in 2013-14, Rs. 3.77 lakh crore in 2012-13 and Rs. 2.37 lakh crore in 2011-12, the Minister said.
“The government prescribes investment pattern for investments of EPFO corpus. Presently, EPFO is following pattern of investment, 2013 notified by Ministry of Labour & Employment on November 21, 2013,” Dattatreya said in a written reply to the Lok Sabha.
He said the Central Board of Trustees (CBT) and Employees Provident Fund (EPF) in a meeting held in February this year relaxed investment guidelines with an objective to increase the earnings of the fund without compromising with safety and security of the fund.
