Wednesday, 10 October 2018

Current Interest Rate | GPF and other similar funds - RESOLUTION

Current Interest Rate | GPF and other similar funds - RESOLUTION 

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA) 
F.NO. 5(1)-B(PD)/2018 
Government of India 
Ministry of Finance 
Department of Economic Affairs 
(Budget Division) 

New Delhi, the 04 October, 2018 

RESOLUTION 
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It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight percent) w.e.f. 1st October 2018 to 31st December 2018. This rate will be in force w.e.f.1st October 2018. The funds concerned are: 
  • The General Provident Fund (Central Services). 
  • The Contributory Provident Fund (India). 
  • The All India Services Provident Fund. 
  • The State Railway Provident Fund. 
  • The General Provident Fund (Defence Services). 
  • The Indian Ordnance Department Provident Fund. 
  • The Indian Ordnance Factories Workmen’s Provident Fund. 
  • The Indian Naval Dockyard Workmen’s Provident Fund. 
  • The Defence Services Officers Provident Fund. 
  • The Armed Forces Personnel Provident Fund. 
2. Ordered that the Resolution be published in Gazette of India. 
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(Anjana Vashishtha) 
Deputy Secretary (Budget) 

gpf-interest-rate-from-october-2018

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