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GPF Interest rate 7.1 for Q2 FY 2024-25

GPF Interest rate 7.1 for Q2 FY 2024-25

The Ministry of Finance, Government of India, has officially announced the interest rate for the General Provident Fund (GPF) and other similar funds for the second quarter of the financial year 2024-25.

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Key Highlights:

  • Interest Rate: The interest rate is set at 7.1%.
  • Effective Period: This rate applies from 1st July 2024 to 30th September 2024.

Applicable Funds:

The 7.1% interest rate applies to the following funds:

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

Official Announcement:

The resolution was officially published in the Gazette of India on 3rd July 2024 and was signed by Ashish Vachhani, Additional Secretary to the Government of India.

Summary:

The consistent interest rate of 7.1% reflects the government’s ongoing commitment to providing stable and reliable returns to its employees. This update is crucial for government employees who rely on these funds for their financial planning and future security.

GPF Interest rate 7.1 for Q2 FY 2024-25
GPF Interest rate 7.1 for Q2 FY 2024-25

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