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GPF Interest = (GPF Balance at the end of the year x GPF Interest Rate) / 100 For example, let's say your GPF amount at the end of the 2023-24 financial year was ₹5,00,000, and the GPF interest rate for that year was 7.1%.
Oct 4, 2024 · GPF Interest Rate. The General Provident Fund interest rate is set by the Central Government and reviewed annually. The GPF interest rate for Q3 FY 2024-25 is fixed at 7.1% p.a. Moreover, the interest is calculated yearly and credited to the employee’s GPF account at the end of each financial year. GPF Contribution Amount
Oct 7, 2024 · What is GPF? The GPF is a long-term investment option exclusively for government employees. They contribute a portion of their salary to the fund on a regular basis. The government offers a fixed interest rate on these contributions, which is reviewed quarterly by the Ministry of Finance.
Oct 4, 2024 · What is the GPF interest rate? The General Provident Fund and other similar funds shall carry interest at the rate of 7.1% effective from October 1, 2024 to December 30, 2024.
GPF Interest Rate. General Provident Fund or GPF is a type of provident fund account, the benefits of which can only be availed by government employees. The rate of GPF interest is revised from time to time according to the notifications issued by the Ministry of Finance.
Interest Rate on GPF and other similar funds including SDS, 1975 for first Quarter of financial year 2021-22
Apr 11, 2023 · The interest rates of GPF, All India Services Provident Fund and other similar funds will be 7.1 per cent for the April-June quarter, 2023, said the Department of Economic Affairs (DEA), Ministry of Finance in a resolution on April 10, 2023.
Oct 5, 2021 · According to a circular issued on the Department of Economic Affairs (DEA) website on October 5, 2021, "It is announced for general information that during the year 2021-22, accumulation at the credit of subscribers of General Provident Fund and other similar funds shall carry interest rate of 7.1% (seven point one percent) w.e.f. 1st October 20...
GPF provides an interest rate of 7.1% at present. A monthly subscription is required to GPF except during the period when the subscriber is under suspension. According to pensionersportal.gov.in, subscriptions to the general provident fund are stopped three months prior to the date of superannuation.
Jan 4, 2023 · GPF is now offering 7.1 percent interest in the present quarter and the interest rate on PPF has also been fixed at 7.1 percent for the current quarter. The government has recently announced hike in small savings interest rates by up to 1.1 percentage points for the January-March quarter.
