PF Interest News: On behalf of the Government of India, the Finance Ministry has announced the interest rates of General Provident Fund or GPF for the October-December quarter. Under this, there is information that the government will provide an interest rate of 7.1% on GPF for this quarter. Let us tell you that even before this, 7.1 percent interest rate was being given on GPF. In such a situation, its rates remain the same as before.
Let us tell you that GPF is for government employees where employees can contribute a certain percentage of their salary to GPF. This deposited amount is paid to the employee during retirement.
Finance Ministry Determined interest rate done
Let us tell you that all the information regarding the interest rate of GPF has been revealed by the Department of Economic Affairs of the Finance Ministry. Under this, it was told that the interest rate of 7.1% on GPF has been retained for the quarter from October 1 to December 31, 2023. Under this, government employees can become a part of this fund by depositing some part of their salary as contribution. In return, the employee can be paid at the time of retirement. Let us tell you that even before this quarter, the same interest rate was being provided on GPF.
uniform interest rate remains intact
Let us tell you that for the fourth consecutive time for this quarter the interest rate on GPF is the same. In this the interest rate has been fixed at 7.1 percent. Earlier, it was announced to pay interest at the same rate in the quarter from July to September also. It is being said that the government is continuously implementing the old interest rate in this sequence. At the same time, the government has also informed that the interest rates on Provident Provident Fund, All India Services Provident Fund, State Railway Fund and Armed Personnel Provident Fund along with all other government provident funds have also been maintained as before. There has been no change in this.
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