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Can interest charged by private pf trust be more than what the Govt decides ?

My friend’s company EPF is managed by a private trust . For FY2013/14 the Govt had announced 8.75% interest rate. My friend says that his private pf trust gave 9.5% interest rate.  Is this possible? if yes,do i have a choice to move my epf to a private trust or am i bound by the pf trust my company chooses?

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