EPFO may retain 8.65% for FY18

New Delhi: Retirement fund body EPFO is expected to keep interest rate unchanged at 8.65 per cent on provident funds for its about 5 crore members for 2017- 18 at its trustees’ meet on February 21, 2018, sources said. The EPFO has already sold exchange traded funds ( ETF) worth Rs 2,886 crore earlier this month to bridge the gap to maintain 8.65 per cent for this fiscal, they said. The EPFO had announced 8.65 per cent rate of interest on deposits for 2016- 17, a tad lower than 8.8 per cent in 2015- 16.