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General Provident Fund and other similar funds Interest Rate w.e.f. 1st July, 2020 

General Provident Fund and other similar funds Interest at the rate of 7.1% w.e.f. 1st July, 2020 to 30th September, 2020

MINISTRY OF FINANCE
(DEPARTMENT OF ECONOMIC AFFAIRS)

New Delhi, the 13th July 2020

RESOLUTION

No. 5(2)-B(PD)/2020—It is announced for general information that during the year 2020-2021, 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 July, 2020 to 30th September, 2020. This rate will be in force w.e.f. 1st July, 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.
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
Director (Budget)

Click here to view/download the pdf

Also check the following links related to this topic:

Missing GPF Credit – Updated procedure for raising grievances

GPF and other Provident Fund Interest Rates reduced to 7.1% from April 2020 to June 2020

GPF and other similar funds Interest Rate w.e.f. 1st January, 2020 to 31st March, 2020

GPF and other Provident Fund Interest fixed at 7.9% from 1st October 2019

GPF for those who have been recruited on or after 1.1.2004

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