The Finance Ministry is
consistently pressurising the EPF Organisation, to cut down the interest rate.
The EPFO gave 8.88% interest for the deposits in the financial year 2015-16,
even though the Finance Ministry had instructed the EPFO to fix the interest
rate as 8.87%. However, now the EPFO is all set to scale down the interest rate
to 8.6% for 2016-17.
