Interest Rate for General Provident Fund Retained at 8% for Q1 of FY20
- The Government of India has retained the interest rate for General Provident Fund (GPF) and other related schemes at 8 percent for the first quarter (April to June) of financial year 2019-20, effective from April 1, 2019.
- The interest rate on these funds was at 8 percent in January-March quarter of 2018-19.
- The interest rate will be applicable on provident funds of central government employees, railways and defence forces.
Other related funds eligible for the benefit includes:
- Contributory Provident Fund (India)
- All India Services Provident Fund
- State Railway Provident Fund
- General Provident Fund (Defence Services)
- Indian Ordnance Department Provident Fund
- Indian Ordnance Factories Workmen’s Provident Fund
- Indian Naval Dockyard Workmen’s Provident Fund
- Defence Services Officers Provident Fund and
- Armed Forces Personnel Provident Fund