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GPF Interest Rate 2019-20: 7.9% Oct-Dec As per the Economic Affairs resolution issued on 21.10.2019, the General Provident Fund interest rate for the period from 1st October 2019 to 31st December 2019 has been officially announced. According to the resolution, the interest rate for this period will be 7.9%. This rate is subject to change … Read more
GPF Subscription Ceiling Raised to ₹5 Lakh | Know Details According to the regulations surrounding the General Provident Fund (GPF), there is a specific ceiling of Rs. 5 Lakh on the amount of subscription allowed within a single financial year. This means that any contributions made to the GPF beyond this amount will not be … Read more
General Provident Fund (GPF) Interest Rate 2022-23 PDF The General Provident Fund (GPF) is a popular investment option for government employees in India. The interest rate for the year 2022-23 has been announced by the government and is available in a PDF format. The GPF interest rate will vary across different quarters of the year … Read more
Annual GPF Statement | Issuance & Details According to the recent CGA order, the annual statement of General Provident Fund (GPF) account will be issued to all employees. This statement will detail the balance in the employee’s GPF account, any interest earned, and any withdrawals made during the year. This process helps to ensure transparency … Read more
GPF Interest Rate from July to September 2020 is 7.1% The Department of Economic Affairs published a resolution of an interest rate for the General Provident Fund. This quarter all Central Government employees will get 7.1% interest in GPF. The resolution also said the new revised rate of interest will be calculated between the period … Read more
GPF Interest Rate Calc. Format Sheet The Department of Accountant General of Uttar Pradesh, a government organization responsible for financial management, recently released a notification containing a sample calculation of the General Provident Fund (GPF). This fund is a retirement benefit provided to government employees in India and the sample calculation, which includes variables such … Read more
Freezing of DA & DR: IRTSA Appeals to Credit Additional DA to Provident Fund The Indian Railways Technical Supervisors Association (IRTSA) is taking a strong stance against the government’s decision to freeze Dearness Allowance (DA) and Dearness Relief (DR) for its employees. In a recent memo sent to the Ministry of Finance, the IRTSA has … Read more
GPF Interest Rates Year-wise List The Department of Economic Affairs (Budget Division) has issued a resolution on the interest rates for Provident Fund and other related funds of Central Government employees, Railway employees, Ordnance employees and Armed Forces. Also check: GPF Interest Calculator 2020 The rate of interest on General Provident Fund was at 8% … Read more
What is the incentive for higher education in central government? According to the 7th Central Pay Commission, there is a lump sum incentive available for central government employees, including those working for the railway, who acquire higher qualifications. This incentive is designed to encourage employees to pursue further education and improve their skills and knowledge, … Read more
Stepping Up Pay with Consolidated Guidelines On October 26, 2018, the Department of Personnel and Training (DoPT) issued orders regarding the Stepping up of Pay-Consolidated guidelines. These guidelines aim to streamline and simplify the process of employee pay and ensure that all employees are fairly compensated for their work. The orders clarify the steps that … Read more