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( 11 Apr 2019)
Govt. declares GPF interest rate at 8 per cent for April-June quarter, 2019-20

Indian Govt. has declared the interest rate for General Provident Fund (GPF) and other related schemes at 8 per cent for the April-June quarter of 2019-20 as it was in January-March quarter of 2018-19. The rate is in line with that of Public Provident Fund.

The interest at the rate of 8 per cent shall be carried with effect from April 01 to June 30, 2019.

As per the report, the interest rate will be applicable on provident funds of central government employees, railways and defence forces.