Tuesday, March 20, 2012

GPF interest rate hiked


The Central government announced vide  F.NO. 5(1)-B(PD)/2011 dated 19th March, 2012  that General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and should be 8.6% (eight point six percent) with effect from 1.12.2011. 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. 
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