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.
This is the first time since 2015-16 that the interest rate has been raised.
--IANS
rrb/vd
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)