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Tuesday, July 24, 2018

GPF Interest Rate 7.6 % from July 2018 to September 2018

GPF Interest Rates from July to September 2018 has been announced by the Dept. of Economic Affairs.

In a resolution dated 17.07.2018 it has been announced that the accumulations at the credit of subscribers to the GPF and other similar funds would carry an interest rate of 7.6%. This would be effective from 1st July 2018 and would be effective till 30th September 2018.
The full text of the aforesaid resolution is reproduced below.

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F. NO. 5(1)-B(PD)/2018
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 17th July, 2018
RESOLUTION
It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.6% (Seven point six percent) w.e.f 1st July 2018 to 30th September 2018. This rate will be in force w.e.f. 1st July 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.
2. Ordered that the Resolution be published in Gazette of India.
(Anjana Vashishtha)
Deputy Secretary (Budget)

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