GPF Interest Rate Update: There is good news for government employees. The Finance Ministry has announced the interest rates for General Provident Fund (GPF) and other provident funds. From October 1, 2023 to December 31, 2023, interest on GPF and other similar funds will be at the rate of 7.1 percent.
GPF Interest Rate Update: There is good news for government employees. The Finance Ministry has announced the interest rates for General Provident Fund (GPF) and other provident funds. From October 1, 2023 to December 31, 2023, interest on GPF and other similar funds will be at the rate of 7.1 percent. The government has not changed the interest rates on GPF and similar linked funds for the October-December quarter of 2023.
Government fixed GPF rates
According to the Department of Economic Affairs (DEA), Ministry of Finance, on 4 October 2023, it is announced that the interest on deposits of customers for General Provident Fund and similar funds during the year 2023-2324 will be levied from 1 October 2023 to 31 December 2023. Interest will be available at the rate of 7.1 percent. The government has maintained the same interest rates as before. It is believed that their interest rates are similar to the rates of Public Provident Fund (PPF). Interest on the funds given below will also be available at the rate of 7.1 percent.
- General Provident Fund (Central Service).
- Contributory Provident Fund (India).
- All India Service Provident Fund
- State Railway Provident Fund
- General Provident Fund (Defence Services)
- Indian Ordinance Department Provident Fund
- Indian Ordnance Department Factories Provident Fund
- Indian Naval Dockyard Workers (Provident Fund).
- Defense Services Officers Provident Fund.
- Armed Forces Personnel Provident Fund.
