7.1% Interest rate for General Provident Fund & other similar funds

General Provident Fund and other similar funds interest rate at 7.1% from 1st Jan to Mar 2023

Interest rate for General Provident Fund

(TO BE PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(4)-B(PD)/2021
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 03 January, 2023

RESOLUTION

It is announced for general information that during the year 2022-2023, 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 January, 2023 to 31st March, 2023. This rate will be in force w.e.f. 1st January, 2023. 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.

2. Ordered that the Resolution be published in Gazette of India.

(Ashish Vachhani)
Additional Secretary to the Govt. of India

Click here to View / Download the Order pdf