GPF and other similar funds Interest Rate w.e.f. 1st January, 2020 to 31st March, 2020
General Provident Fund (GPF) and other similar funds interest at the rate of 7.9% w.e.f. 1st January, 2020 to 31st March, 2020 – Resolution
(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(2)-B(PD)/2019
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 15th January, 2020
RESOLUTION
It is announced for general information that during the year 2019-2020, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall Carry interest at the rate of 7.9% (Seven point nine percent) w.e.f. 1st January, 2020 to 31st March, 2020. This rate will be in force w.e.f. 1st January, 2020. 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.
9. 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.
Sd/-
(Anjana Vashishtha)
Deputy Secretary(Budget)
Also check the following links related to this topic:
GPF and other Provident Fund Interest fixed at 7.9% from 1st October 2019
General Provident Fund – Interest Rate of 7.9% w.e.f. 1st July, 2019 to 30th September, 2019
General Provident Fund interest at the rate of 8% from 1st April 2019 to 30th June 2019