The Budget Division of the Department of Economic Affairs under the Ministry of Finance has been issued a resolution for the announcement of interest rate of General Provident Fund (GPF) from 1st October to 31st December 2020.

GPF interest is 7.1% from 1st Oct 2020 to 31st Dec 2020

(TO BE PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(2)-B(PD)/2020
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

RESOLUTION

It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October 2020 to 31st December 2020. This rate will be in force w.e.f. 1st October 2020. 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.

(Rajat Kamar Mishra)
Joint Secretary to the Govt. of India

General Provident Fund (GPF) interest rate from October to December 2020

General Provident Fund (GPF) interest rate from October to December 2020

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