Interest Rates

The Board of Directors of EPF fix the rate of interests on PF deposits while considering the total PF Deposit, total investment, total interest or dividend received from investments and the administrative expenses. Prior to1985/86 the rate was revised several times, however from 1985/86 to 1998/99 it was stable at 11 percent.

After that a declining trend appeared on borrowing as well as lending rates of the banking and financial sector in Nepal. Being a financial sector organization, this has also affected EPF significantly and it has been forced to adjust its interest rates accordingly as per the prevailing market scenario. The current rate of interest on PF Deposits is 6.75 (effective from 2072/04/01) percent.

The following table shows the years of revision and revised rates of interest from 1962/63 to 2014/2015:

 

Fiscal Year Interest Rates 1962/1963 3.50% 1968/1969 4.50% 1972/1973 6.00% 1974/1975 10.00% 1985/1986 11.00% 1999/2000 10.00% 2000/2001 9.00% 2001/2002 8.00% 2002/2003 7.25% 2003/2004 6.50% 2004/2005 5.50% 2005/2006 5.25% 2006/2007 5.25% 2007/2008 5.25% 2008/2009 5.50% 2009/2010 6.50% 2010/2011 8.00% 2013/2014 8.00% 2014/2015 7.50%