GPF Interest Rate 2019-20: 7.9% from Oct to Dec 2019

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 based on future resolutions, and it is important for all members of the fund to stay updated on any changes that might occur.

Read this: Rate of Interest for General Provident Fund (GPF)

General Provident Fund (GPF) is a more beneficial saving scheme for Central Government employees. Whenever need money for children’s education or hospital expenses, the accumulated fund will help in critical economic situations. Avail partial or full withdrawal amount indicated depends on the GPF annual statement slip.

As of October 1st, 2019, the rate of interest for Public Provident Fund (PPF) has been set at 7.90 percent until the end of the year, December 31st, 2019. This rate is subject to change, but it remains a reliable and popular investment option for those looking for long-term savings and security.

The PPF Interest rate of 7.9% continues to be in effect, providing a steady return on investment for those who have invested in the Small Savings Schemes. After April 2016, the government has been regularly notifying the interest rates on a quarterly basis, which has helped investors stay up-to-date with the latest rates and make informed decisions. This consistency has been beneficial for those who rely on these schemes for a stable source of income. [Click to read continue…]

GPF Interest and Online Annual Statement for Central Government Employees