Central Board of Trustees the highest policy making body of the Employees' Provident Fund Organisation has decided to give a higher return of 9.5 per cent on provident fund deposits for last fiscal. The CBT is headed by Labour Minister mallikarjun Kharge. Briefing the reporters in New Delhi today Labour secretary P C Chaturvedi said that the Finance Ministry will ratify the move before the end of the current financial year. He added that the decision of the trustees has always been accepted by the government and the Finance Ministry will place its view on the higher interest rates before the CBT in the coming week. Following the recovery of over one thousand seven hundred crore rupees in suspense account, the CBT raised rate of interest on provident fund deposits to 9.5 per cent for its more than four crore subscribers. EPFO has been paying 8.5 per cent interest rate since 2005-06.