GPF, CPF interest rate for 2016-17 announced by Govt

General  Provident Fund and other similar funds shall carry interest at the rate of 8.1% for the period from 1st April 2016 to 30th June 2016

Dept of Economic Affairs resolution says that PF interest will be 8.1% (Eight point one per cent) w.e.f. 1st April, 2016 to 30th June, 2016.  This rate will be in force w.e.f. 15th April, 2016

F.  No. 5(1)-B(PD)/2016

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget  Division)

New Delhi, Dated the 2nd June, 2016.

RESOLUTION

It is announced for general information that during the year 2016-17, accumulations  at the credit of subscribers  to the General  Provident Fund and other similar funds shall carry interest  at the rate of 8.1% (Eight point one per cent) w.e.f. 1st April, 2016 to 30th June, 2016.  This rate will be in force w.e.f. 1st April, 2016.  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 India Ordinance  Department  Provident Fund.
7.    The Indian Ordinance  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.

(H.  K. Srivastav)

Director (Budget)

Download Department of Economic Affairs Resolution No.F. No. 5(1)-B(PD)/2016 dated 02.06.2016