new delhi the finance ministry is likely to give its concurrence next week to retirement fund body epfos trustees decision to provide 875 per cent rate of interest on pf deposits to over five crore subscribers this fiscal it has been almost two weeks since the trustees decided to pay 875 per cent the finance ministry is most likely to give its concurrence next week to the decision as payment of 875 per cent in 201415 will leave a surplus of rs 24226 crore an official said he said the finance ministry should not have any issue as central government would not have to shell out anything for payment of 875 per cent rate of interest and it would leave some surplus for the body after the finance ministry concurrence the epfo would implement the trustees decision on interest rate and its subscribers would get tax rebate on accrual of approved interest rate on pf deposits for the current fiscal the employees provident fund organisations epfo apex decision making body the central board of trustees cbt headed by labour minister narendra singh tomar had decided to retain 875 per cent rate of interest for 201415 for this fiscal in its meeting on august 26 the epfo had provided 875 per cent rate of interest on pf deposits in 201314 which was slightly higher than 85 per cent paid in the previous fiscal the cbtapproved proposal for payment of 875 per cent rate of interest has already been sent to the finance ministry for its concurrence on the issue the official said