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# Business

EPFO Board recommends 8.65% interest rate for 2018-19

This is the first time since 2015-16 that the interest rate has been raised.

IANS | New Delhi | February 21, 2019 6:01 pm

EPFO Board recommends 8.65% interest rate for 2018-19

(File Photo: IANS)

The Employees’ Provident Fund Organisation (EPFO) board has recommended an interest rate of 8.65 per cent for 2018-19, 10 basis points higher over the previous fiscal.

In the financial year 2017-18, the interest rate was 8.55 per cent.

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This is the first time since 2015-16 that the interest rate has been raised.

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EPFO crosses historic 5 crore claims settlement mark

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