Govt retains GPF interest rate at 7.8% for Oct-Dec
Posted on: 25/Oct/2017 4:13:34 PM
The central government has retained the rate of interest for the General Provident Fund (GPF) and other similar schemes at 7.8% for the October-December quarter.
The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. 1st October, 2017.
In July-September quarter too, the interest rate for Public Provident Fund was 7.8%.
