The current rate of interest is 8.75% p.a. The interest is compounded yearly.
The point to note in the interest calculation is done only on the part of EPF not on EPS.
Example : If your contribution towards EPS is Rs.1,800 (12%) and your employer contribution towards EPF is Rs.550 (3.67%) and Rs. 1250 (8.67%) towards EPS, than the interest of 8.75% would be calculated on the amount of Rs.2,350.