new delhi retirement fund body epfo has recommended a cut in interest rate on provident fund deposits to 825 per cent for 201112 from 95 per cent in the last fiscalit is observed that the 825 per cent rate of interest is feasible in 201112 said the agenda note for the meeting of finance and investment committee the epfo advisory body the meeting is scheduled for december 22the decision will have implications for over 472 crore employees provident fund organisations epfo subscribers across the countryaccording to employees representatives in the epfo apex decision making body central board of trustees headed by the labour minister epfo can easily pay up to 875 per cent as there are sufficient fundsthey claim epfo estimates have not factored in the income accruing to inoperative accountsaccording to their estimates these accounts have close to rs 10000 crore and generate an income of over rs 800 crore which would sufficient to pay additional half a percentage point more over the projected 825 per centthe final decision on payment of interest rate in 201112 will be taken by the cbt in its meeting scheduled on december 23 on the recommendation of advisory body fic