Revised rates of interest @ 7.1% for General Provident Fund and other similar funds from 01.10.2023 to 31.12.2023 w.e.f. 01.10.2023

Revised rates of interest @ 7.1% for General Provident Fund and other similar funds from 01.10.2023 to 31.12.2023 w.e.f. 01.10.2023

(TO BE PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(3)-8(PD)/2023
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Deltu, the 4 October, 2023

RESOLUTION

It is announced for general information that during the year 2023-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October, 2023 to 31st December, 2023. This rate will be in force w.e.f. 1st October, 2023. The funds concemed 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.

(Ashish Vachhani)
Additional Secretary to the Govt. of India

To,

The Manager, (Technical Branch)
Government of India Press, Minto Road, Delhi.

F.No.5(3)-B(PD)/2023

Copy forwarded to all Ministries/Departments of Government of India, President’s Secretariat, Vice-President’s Secretariat, Prime Minister’s Office, Lok Sabha Secretariat, Rajya Sabha Secretariat, Cabinet Secretariat, Union Public Service Commission, Supreme Court, Election Commission and NITI Aayog.

Copy also forwarded to :—

1. Comptroller & Auditor General of india and all offices under his control.
2. Chairman, Pension Fund Regulatory and Development Authority
3. Controller Genera! of Accounts (10 copies)
4. Ministry of Personnel Public Grievances and Pension (Pension Unit/All India Services Division).
5. Financial Adviser of Ministries/Departments (6 copies).
6. Chief Controlier of Accounts/Controtler of Accounts of Mirsstnes/Departments
7. Controller General of Defence Accounts.
8. Finance Secretary of all State Governments and Union Territories.
9. Secretary to Governors/Lt. Governors of all States/Union Territories.
10. Secretary Staff Side, National Council of JCM.
11. All Members, Staff Side, National Council of JCM.
12. NIC – For uploading on webhost.

(Rathna Gurumurthy)
Under Secretary (Budget)

Source: Department of Economic Affairs