EPFO Raised interest rate from 8.5% to 8.75% for F/Y 2013-14

EPFO Raised interest rate from 8.5% to 8.75% for F/Y 2013-14

Employees Provident Fund Organization raised interest rate by 0.25 % i.e. from 8.5% to 8.75% on  provident fund deposits for F/Y 2013-14.
More than 8 crore PF subscribers will get benefited.

Expected IDA From April 2014 for PSU Employees

Expected IDA may decrease From April 2014 for CPSU Employees

Last updated: 28/02/2014

  
The Expected IDA w.e.f. 01-April-2014 may decrease  depends upon the decreased Average All India Consumer Price Index Number (Industrial Worker) of the months December-2013, January-2014 & February-2014.

The  AICPI of the months December-2013, January-2014 & February-2014 are likely to be declared at the end of the month January-2014, February-2014 & March-2014 respectively. The AICPINs of Dec'13 & Jan'14 are 239 & 237 respectively, due to decreasing trend of AICPINs the expected IDA wef 01-Apr-14 is going to decrease. 
The AICPIN for Dec'13 - 239
The AICPIN for Jan'14 - 237

Top 10 Projections:

S.N.	Expected CPI of Feb’14	Avg. CPI Projected	Projected IDA(%)	Projected IDA Increase(%)
1	235	237.00	87.6	-2.9
2	236	237.33	87.9	-2.6
3	237	237.67	88.1	-2.4
4	238	238.00	88.4	-2.1
5	239	238.33	88.7	-1.8
6	240	238.67	88.9	-1.6
7	241	239.00	89.2	-1.3
8	242	239.33	89.5	-1.0
9	243	239.67	89.7	-0.8
10	244	240.00	90.0	-0.5

SEE IDA FROM JANUARY 2014

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The DA of Central Govt. Employee w.e.f 01-July-2013

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