8.55%

The interest rate on provident fund deposits for 2017/18 as against 8.65 per cent in

2016/17, which will impact over six crore people. Employees’ Provident Fund Organisation (EPFO), a retirement fund body, has lowered the interest rate by

0.1 per cent after the Central Board of Trustees (CBT), EPFO’s apex decision-making body, recommended the interest rate cut. Currently, the 10-year G-Sec yield is trading at 7.66 per cent, which is a difference of

90 basis points from the recommended interest rate.