New Delhi: 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)