EPFO lowers interest rate to 8.55% for 2017-18
The Employees' Provident Fund Organisation (EPFO) on Wednesday lowered the interest rate to 8.55% for the financial year 2017-18, compared to 8.65% for 2016-17. This is the second straight year that the provident fund body, which manages a corpus of over â¹11 lakh crore, has reduced the interest rate. Notably, the interest rate was 8.80% in 2015-16.