General Provident Fund and other similar funds must carry interest at a rate of 7.1 percent (seven point one percent) from July 1 to September 30, 2022, according to the GPF Interest Rate 2022-2023.

(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 14th July, 2022

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 July, 2022 to 30th September, 2022.

This rate will be in force w.e.f, 1st July, 2022. The funds concerned are:

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

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

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

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The State Government of Tamil Nadu has published a G.O. Ms. No. 30 on 22nd January 2021 regarding the interest rate of General Provident Fund with effect from 1st January 2021.

Government of Tamil Nadu 2021

MANUSCRIPT SERIES

FINANCE [Allowances] DEPARTMENT
G.O.MS.NO.30, Dated 22nd Jan 2021.
(Sarvari, Thai-09, Thiruvalluvar Aandu 2052)

ABSTRACT

Provident Fund – General Provident Fund (Tamil Nadu) – Rate of interest for the financial year 2020-2021 – With effect from 01.01.2021 to 31.03.2021 – Orders – Issued.

Read the following:-
1. G.O.Ms.No.231, Finance (Allowances) Department, dated 23.04.2020.
2. G.O.Ms.No.306, Finance (Allowances) Department, dated 27.07.2020.
3. G.O.Ms.No.386, Finance (Allowances) Department, dated 02.11.2020.
4. From the Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi, Resolution No.F.No.5(2)-B(PD)/2020, dated: 06.01.2021.

ORDER:

In the Government Order first, to third read above, orders were issued regarding fixation of the rate of interest on the accumulation at the credit of the subscribers of G.P.F.(TN) during the financial year 2020-2021 as detailed below:

S.No .1.
Quarter: I
Period: 01-04-2020 to 30-06-2020
Rate of Interest: 7.1%

S.No .2.
Quarter: II
Period: 01-07-2020 to 30-09-2020
Rate of Interest: 7.1%

S.No .3.
Quarter: III
Period: 01-10-2020 to 31-12-2020
Rate of Interest: 7.1%

2. The Government of India, in its resolution fourth read above, announced that during the year 2020-2021, accumulation at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven points one percent) with effect from 1st January 2021 to 31st March 2021.

3. The Government now directs that the rate of interest on the accumulation at the credit of the subscribers to General Provident Fund GPF (Tamil Nadu) shall carry interest at the rate of 7.1% (Seven points one percent) with effect from 1st January 2021 to 31st March 2021.

4. The rate of interest on belated final payment of Provident Fund accumulation remaining unpaid for more than three months of its becoming payable shall be at the same rates as ordered in para-3 above.

Coverage under CCS (Pension) Rules 1972 in place of NPS for employees whose selection for appointment was finalized before 01.01.2004 but who joined Government service on or after 01.01.2004

(BY ORDER OF THE GOVERNOR)

sd/-
S. KRISHANAN
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

Click to view download TN G.O. PDF

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GPF Interest Rate 2019

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)

F.NO. 5(2)-B(PD)/ 2019
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 21st October, 2019

RESOLUTION

It is announced for general information that during the year 2019-2020, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.9% (Seven point nine percent) w.e.f. 1st October, 2019 to 31st December. This rate will be in force w.e.f.1st October, 2019. The funds concerned are:

Also check: General Provident Fund interest at the rate of 8% from 1st April 2019 to 30th June 2019 – DEA Resolution

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

Ordered that the Resolution be published in Gazette of India

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The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter.

The rate is in line with that for Public Provident Fund.

The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.

“… during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8 per cent with effect from October 1, 2018, to December 31, 2018,” a Department of Economic Affairs’ notification said.

The interest rate would apply on Provident Funds of central government employees, railways and defence forces.

Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks.

PTI

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GPF Interest Rate for 1st April to 30th June 2017 – Finmin Orders

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2017
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 18th April, 2017

RESOLUTION

It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.9% (Seven point nine per cent) w.e.f. 1st April, 2017 to 30th June, 2017. This rate will be in force w.e.f. 1st April, 2017. The funds concerned are:

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

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

(Navin Agarwal)
Director

Authority : GPFResolution2017

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