“General Provident Fund”: The Central Government has announced interest rates for General Provident Fund and other funds. Central employees will get returns at the rate of 7.1 percent for the third quarter of this financial year.
Significantly, the central government has not made any change in the interest rate of GPF (General Provident Fund) for the October-December quarter of 2021. That is, this rate is also going to be 7.1 percent in the December quarter. In the last quarter also, the Central Government did not make any change in the interest rate of the General Provident Fund.
New interest rates applicable on these funds
Public provident Fund
– Contributory Provident Fund (India)
– All India Services Provident Fund
– State Railway Provident Fund
– public provident Fund
– Indian Ordnance Department Provident Fund
– Indian Ordnance Factory Workers Provident Fund
– Indian Naval Dockyard Workers’ Provident Fund
– Armed Forces Personal Provident Fund
– Defense Services Officers Provident Fund
Finance Ministry issued notification
The Budget Division of the Department of Economic Affairs in the Ministry of Finance has issued a notification and according to which the interest rate for customers on deposits of General Provident Fund (GPF) and other similar funds during the year 2021-22 will be 7.1 percent. This rate will be applicable from 1 October 2021.
The interest rates of these savings schemes did not change
The central government has not made any changes in the interest rates of Public Provident Fund (PPF), NSC (National Savings Certificate), Sukanya Samriddhi Yojana (SSY) and other savings schemes for October-December 2021 and the interest rate of PPF as of the current quarter. for 7.1 percent. Significantly, GPF allows all government employees to invest a certain part of their salary in the General Provident Fund. Any government employee can invest in this fund during his/her job.
