EPFO may retain 8.55% interest rate for this fiscal

NEW DELHI: Retirement fund body EPFO is likely to retain the interest rate on employees' provident fund at 8.55 per cent rate for the 2018-19 fiscal for its more than six crore subscribers, a source said. "The proposal for providing interest rate for the fiscal would come up in the meeting of the trustees of Employees' Provident Fund Organisation on February 21," the source said. "The interest rate would be retained at 8.55 per cent for the fiscal as provided in 2017-18 in view of the Lok Sabha elections. The EPFO's income projections for the fiscal would be tabled in the meeting." However, the source did not dismissed completely speculations that interest rate on EPF deposits for this fiscal can be over 8.55 per cent in view of LS elections.