Government Retains Interest Rate For General Provident Fund at 8%

The central government on Wednesday retained the interest rate for General Provident Fund (GPF) and other similar funds at 8 per cent for the April-June quarter, which is in line with that of Public Provident Fund (PPF).

The interest rate on GPF was fixed at 8 per cent during the quarter ended March, 2019.

"During the year 2019-20, accumulations at the credit of subscribers to the GPF and other similar funds shall carry interest at the rate of 8 per cent with effect from April 1 to June 30, 2019," the Department of Economic Affairs said in a notification.