EPFO may retain 8.65% interest rate for 2017-18
Business
- 2 month, 7 days ago
Retirement fund body EPFO (Employees' Provident Fund Organisation) is expected to keep interest rate unchanged at 8.65% on provident funds for its about 5 crore members for 2017-18. The decision in this regard will be taken in its trustees' meet on February 21, 2018. EPFO had announced an 8.65% rate of interest on deposits for 2016-17, lower than 8.8% in 2015- 16.