General Provident Fund,GPF New Rates From October 2017

7th CPC Defence Forces Railways

General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017. The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. 1st October, 2017. Here is the Official Release:-

(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 23rd October, 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 7.8% (Seven point eight per cent) w.e.f. 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f.1st October, 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.T
  4. he 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.

—-do——
(Anjana Vashishtha)
Deputy Secretary (Budget)


To,

The Manager, (Technical Branch)
Government of India Press, Faridabad.

F.No.5(1)-B(PD)/2017

Copy forwarded to all Ministries/Departments of Government of India, President’s Secretariat,
Vice-President’s Secretariat, Prime Minister’s Office, Lok Sabha Secretariat, Rajya Sabha Secretariat,
Cabinet Secretariat, Union Public Service Commission, Supreme Court, Election Commission and NITI
Aayog.

Copy also forwarded to :—

  1. Comptroller & Auditor General of India and all offices under his control.
  2. Chairman, Pension Fund Regulatory and Development Authority.
  3. Controller General of Accounts (10 copies).
  4. Ministry of Personnel Public Grievances and Pension (Pension Unit/All India Services Division).
  5. Financial Adviser of Ministries/Departments (6 copies).
  6. Chief Controller of Accounts/Controller of Accounts of Ministries/Departments.
  7. Controller General of Defence Accounts.
  8. Finance Secretary of all State Governments and Union Territories.
  9. Secretary to Governors/Lt. Governors of all States/Union Territories.
  10. Secretary Staff Side, National Council of JCM.
  11. All Members, Staff Side, National Council of JCM.
  12. NIC – For uploading on webhost.

 

—–do——
(A.K. Bhatnagar)
Under Secretary(Budget)


Press Information Bureau
Government of India
Ministry of Finance

25-October-2017 11:55 IST

General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017.

The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. 1st October, 2017.

The Notification to this effect has been issued and published in the Gazette of India on 23rd October, 2017.

***
DSM/SBS/AS

Source:- PIB

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