Govt retains interest rate for GPF at 8% for April-June quarter

10-11th April 2019. The govt has retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund (PF) and other related schemes at 8% for the April-June 2019-20.
The interest rate on these funds was at 8% in January-March quarter of 2018-19 and government kept it unchanged for April-June for 2019-20.
The Department of Economic Affairs, in a notification, said the interest rate will be applicable on provident funds of central government employees, railways and defense forces.
Last month, the government had retained interest rates on small savings, including National Savings Certificate and PPF for the first quarter of current fiscal.

Published On : 11 Apr 2019