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EPF returns must keep pace with inflation: CITU

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  • Published On: June 30, 2008
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The Employee Provident Fund organization (EPFO) will meet this weekend to discuss the administered interest rates on our provident fund savings.The provident fund currently offers a rate of 8.5 per cent. But with inflation at over 11 per cent, the real return on provident fund savings is now negative. This is prompting experts and unions to call for an overhaul of the system.
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