Apr 16, 2018

General Provident Fund And Other Similar Funds Shall Carry Interest At The Rate Of 7.6%



GPF and Similar Funds – 7.6% Interest rate from April, 2018 to June, 2018 – Finance Ministry Resolution dated 11.04.2018

Finance Ministry Gazette publication on GPF and other such funds interest rate.


(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


RESOLUTION

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 7.6% (Seven point six per cent) w.e.f. 1st April, 2018 to 30th June, 2018. This rate will be in force w.e.f.1st April, 2018. The funds concerned are:—

1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).

3. The All India Services Provident Fund.

4. The State Railway Provident Fund.

5. The General Provident Fund (Defence Services).

6. The Indian Ordnance Department Provident Fund.

7. The Indian Ordnance Factories Workmen’s Provident Fund.

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund.

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

(Anjana Vashishtha)

Deputy Secretary (Budget)

Source - Gconnect