GP Fund interest rates revised

GP Fund interest rates revised

JAMMU: As per an order issued here today, the Finance Department has notified the rate of interest on General Provident Fund (GPF) and other similar funds with effect from 1st April 2016, pursuant to the notifications issued by the Department of Economic Affairs, Ministry of Finance, Government of India, in this regard from time to time.
The order states that the accumulations at the credit of subscribers to GPF and other similar funds shall carry interest as per the revised rates.
The revised rate of interest for Quarter-I of 2016-17 from 01.04.2016 to 30.06.2016 would be 8.1%, for Quarter-II of 2016-17 from 01.07.2016 to 30.09.2016 would be 8.1%, for Quarter-III of 2016-17 from 01.10.2016 to 31.12.2016 would be 8.0%, for Quarter-IV of 2016-17 from 01.01.2017 to 31.03.2017 it would be 8.0% while for Quarter-V of 2017-18 from 01.04.2017 to 30.06.2017 interest would be 7.9%.

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