diff --git a/src/CONST.ts b/src/CONST.ts
index dd192f1b257c..37630d33d72a 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -1140,6 +1140,7 @@ const CONST = {
         DISTANCE_UNIT_KILOMETERS: 'km',
         MILEAGE_IRS_RATE: 0.655,
         DEFAULT_RATE: 'Default Rate',
+        RATE_DECIMALS: 3,
     },
 
     TERMS: {
diff --git a/src/libs/PolicyUtils.js b/src/libs/PolicyUtils.js
index 85031c0464eb..eed2d5617788 100644
--- a/src/libs/PolicyUtils.js
+++ b/src/libs/PolicyUtils.js
@@ -67,7 +67,7 @@ function getNumericValue(value, toLocaleDigit) {
     if (Number.isNaN(numValue)) {
         return NaN;
     }
-    return numValue.toFixed(3);
+    return numValue.toFixed(CONST.CUSTOM_UNITS.RATE_DECIMALS);
 }
 
 /**