Thursday, May 24, 2012

GPF interest rate raised again for F.Y. 2012-13

Govt. has hiked GPF interest rate again for the F.Y. 2012-13. With effect from 1st April 2012, the rate will be 8.8%. It is applicable for General Provident Fund and 10 other similar provident funds managed by Govt. of India.
 The interest rate on such funds was 8.6 per cent during December 2011-March 2012 period, while it was 8 per cent for April-November 2011. This move will benefit millions of Govt. employee.
View the Gazette Notification Dated 22nd May 2012
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