GPF Interest Rate Year Wise List 1956 to 2024
The General Provident Fund (GPF) interest rates have varied over the years since 1956. In 1956, the GPF interest rate was set at 3.75%. Over the following decades, the interest rates fluctuated based on economic conditions and government policies. For example, in the 1986s, the GPF interest rates were around 12%, reflecting high inflation rates during that period.
In more recent years, the GPF interest rates have gradually decreased. As of the current date, the GPF interest rate stands at around 7.1%. This downward trend in interest rates is in line with global economic trends and efforts to balance savings incentives with economic growth objectives. Despite the fluctuations, the GPF remains a popular savings option for government employees due to its security and guaranteed returns.
GPF Interest Rate Table from 1956 to 2016
| Year | Rate of Interest (in %) |
| 1956-1962 | 3.75 |
| 1962-1965 | 4.0 |
| 1965-1966 | 4.25 |
| 1966-1967 | 4.6 |
| 1967-1968 | 4.8 |
| 1968-1969 | 5.1 |
| 1969-1970 | 5.25 |
| 1970-1971 | 5.5 |
| 1971-1972 | 5.7 |
| 1972-1974 | 6.0 |
| 1974-1975 | 7.2 |
| 1975-1979 | 7.5 |
| 1980-1981 | 8.5 |
| 1981-1983 | 9.0 |
| 1983-1984 | 9.5 |
| 1984-1985 | 10.0 |
| 1985-1986 | 10.5 |
| 1986-2000 | 12.0 |
| 2000-2001 | 11.0 |
| 2001-2002 | 9.5 |
| 2002-2003 | 9.0 |
| 2003-2011 | 8.0 |
| 04/2011 – 11/2011 | 8.0 |
| 12/2011 – 03/2012 | 8.6 |
| 2012-2013 | 8.8 |
| 2013-2016 | 8.7 |
GPF Interest Rate Table from 2016 to 2024
| Year | APR-JUN Rate (%) | JUL-SEP Rate (%) | OCT-DEC Rate (%) | JAN-MAR Rate (%) |
| 2016-2017 | 8.1 | 8.1 | 8.0 | 8.0 |
| 2017-2018 | 7.9 | 7.8 | 7.8 | 7.6 |
| 2018-2019 | 7.6 | 7.6 | 8.0 | 8.0 |
| 2019-2020 | 8.0 | 7.9 | 7.9 | 7.9 |
| 2020-2021 | 7.1 | 7.1 | 7.1 | 7.1 |
| 2021-2022 | 7.1 | 7.1 | 7.1 | 7.1 |
| 2022-2023 | 7.1 | 7.1 | 7.1 | 7.1 |
| 2023-2024 | 7.1 | 7.1 | 7.1 | 7.1 |
| 2024-2025 | 7.1 | 7.1 |