Department of Economic Affairs has published a resolution declaring the GPF Interest at the rate of 7.1 Percent from 1st April 2020. The General Provident Fund and other similar funds shall carry this interest rate up to 30th June, 2020
GPF Interest Rate 7.1 Percent
(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)
New Delhi, the 7th April, 2020
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 April, 2020 to 30th June, 2020. This rate will be in force w.e.f. 1st April,2020. The funds concerned are:
- The General Provident Fund (Central Services).
- The Contributory Provident Fund (India).
- The All India Services Provident Fund.
- The State Railway Provident Fund.
- The General Provident Fund (Defence Services).
- The Indian Ordnance Department Provident Fund.
- The Indian Ordnance Factories Workmen’s Provident Fund.
- The Indian Naval Dockyard Workmen’s Provident Fund.
- The Defence Services Officers Provident Fund.
- The Armed Forces Personnel Provident Fund.
- Ordered that the Resolution be published in Gazette of India.
(Anjana Vashishtha)
Deputy Secretary(Budget)
GPF Interest rate from 1st January 2020
The last quarter of Financial Year 2019-2020 is from 1st January 2020 to 31st March 2020. The rate of Interest for GPF for this last quarter is 7.9 % w.e.f 1st January 2020
The rate of Interest from 1.4.2006 is given below
| Month and Year | Interest Rate | Link |
|---|---|---|
| 1st Jan 2020 to 31th March 2020 | 7.9% | Click Here |
| 1st Oct 2019 to 31st December 2019 | 7.9% | Click Here |
| 1st July 2019 to 30th Sep 2019 | 7.9% | Click Here |
| 1st April 2019 to 30th June 2019 | 8% | Click Here |
| 1st January 2019 to 31th March 2019 | 8% | Click Here |
| 1st Oct 2018 to 31st December 2018 | 8% | Click Here |
| 1st July 2018 to 30th Sept 2018 | 7.6% | Click Here |
| 1st April 2018 to 30th June 2018 | 7.6% | Click Here |
| 1st January 2018 to 31th March 2018 | 7.6% | Click Here |
| 1st Oct 2017 to 31st December 2017 | 7.8% | Click Here |
| 1st July 2017 to 30th Sep 2017 | 7.8% | Click Here |
| 1st April 2017 to 30th June 2017 | 7.9% | Click Here |
| 1st January 2017 to 31th March 2017 | 8% | Click Here |
| 1st Oct 2016 to 31st December 2016 | 8% | Click Here |
| 1st July 2016 to 30th Sept 2016 | 8.1% | Click Here |
| 1st April 2016 to 30th June 2016 | 8.1% | Click here |
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