New Delhi: Prime minister, Manmohan Singh yesterday said that the government would look into the issue of raising the interest rate payable on employees provident fund (EPF) deposits.

Singh told press persons, "We have always said we will look into the matter but I cannot make any commitment because parliament is in session."

CPI MP and All-India Trade Union Congress (AITUC) president, Gurudas Dasgupta, however said that the prime minister had agreed to increase the interest rate of EPF deposits for the current fiscal from 8.5 per cent to 9.5 per cent.

An AITUC delegation had yesterday met the prime minister. After the meeting, Dasgupta had said that as far as his understanding goes, the prime minister had agreed to increase the interest rate from 8.5 per cent to 9.5 per cent.