Rate of Interest on GPF and other similar funds for Q3 of FY 2023-2024: 7.1%
The Central Government has kept the interest rate 7.1% payable on savings in the General Provident Fund (GPF) at 7.1% for the third quarter of 2023 from October to December.
(TO BE PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(3)-8(PD)/2023
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 4 October, 2023
RESOLUTION
It is announced for general information that during the year 2023-2024, 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 October, 2023 to 31st December, 2023. This rate will be in force w.e.f. 1st October, 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.
- Ordered that the Resolution be published in Gazette of India.
(Ashish Vachhani)
Additional Secretary to the Govt. of India
GPF Interest Rate from October 2023 to December 2023 PDF Download