EPFO declares 8.55 % interest rate for 2017-18

Feb 21 • Business • 60 Views • No Comments on EPFO declares 8.55 % interest rate for 2017-18

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The Employees’ Provident Fund Organisation, EPFO has declared 8.55 per cent interest rate for 2017-18 for its about 5 crore members.

This was decided during the meeting of Central Board of Trustees of EPFO in New Delhi today.

For 2016-17 the rate was 8.65 per cent and in 2015-16 the rate was 8.8 per cent.

In order to maintain the interest this fiscal, the organisation had sold a portion of its investment in the Exchange Traded Funds, ETF.

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