Ministry of Finance announces the interest rate to the General Provident Fund and other similar funds with effect from April 01, 2018 till June 30, 2018.

Apr 16, 2018 | by Avantis RegTech Legal Research Team

Department of Economic Affairs, Ministry of Finance vide resolution has announced that the General Provident Fund and other similar funds shall carry interest at the rate of 7.6% (Seven point six percent) with effect from April 01, 2018 to June 30, 2018.

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

This rate will be in force with effect from April 01, 2018

[F.NO. 5(1)-B (PD)/2018]

URL: https://dea.gov.in/sites/default/files/GPF%20Resolution%20April%202018.pdf


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