• Home
  • 7th Pay Matrix
  • Pay Calculator
  • DA Table
  • DA News
  • 8th CPC News
  • KV Fees

Central Government Employees Latest News

7th Pay Commission Latest News Today 2023, 7th Pay Matrix Table PDF, Expected DA Calculation, DA Rates Table, 8th Pay Commission Latest News

Latest 7th pay commission pay scale calculator
  • Holidays 2023
    • Holidays 2022
    • Holidays 2021
    • Holidays 2020
    • Holidays 2019
    • Holidays 2018
  • DoPT Orders
  • Expected DA
    • AICPIN
  • CSD AFD
  • Retirement Age
    • CGHS Subscription
    • CGHS Hospitals
    • CGHS Rates
    • OROP-2 Table
  • Gold Price
    • KVS Admission 2023-24
You are here: Home / General Provident Fund / GPF Interest Rate Fixed 7.9% for Further Three Months

7th Pay Commission Latest News Today 2023
Central Government Employees News Today 2023
7th Pay Salary Calculator 38% DA 7th CPC Increment Calculator
Expected DA for January 2023 8th Pay Commission News

7th CPC Pay Fixation Calculator Retirement Date Calculator 2023
Leave Encashment Calculation & Calculator 2023 KVS Fee Online Payment 2023-24
18 Months DA Arrears for CG Employees Govt First Salary Calculator
Latest News from 7thpaycommissionnews.in

GPF Interest Rate Fixed 7.9% for Further Three Months

July 18, 2019 admin 2 Comments

GPF Interest Rate Fixed 7.9% for Further Three Months

Interest Rate for General Provident Fund Fixed 7.9% with effect from 1.7.2019

The Central Government decided to fix the interest rate for the subscribers of General Provident Fund @ 7.9% between the period from 1.7.2019 to 30.9.2019.

Earlier in the period between April and June 2019, the rate of interest for the GPF was 8% (w.e.f. 1st April 2019 to 30th June 2019).

The below list of funds also carry interest at the rate of 8% from April to June 2019.

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The 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.

General Provident Fund Interest Rate Chart
From To Rate of Interest Govt. Order
01.07.2019 30.09.2019 7.9% Click to view
01.04.2019 30.06.2019 8% Click to view
01.01.2019 31.03.2019 8% Click to view
01.10.2018 31.12.2018 8% Click to view
01.07.2018 30.09.2018 7.6% Click to view
01.04.2018 30.06.2018 7.6% Click to view
01.01.2018 31.03.2018 7.6% Click to view
01.10.2017 31.12.2017 7.8% Click to view
01.07.2017 30.09.2017 7.8% Click to view
01.04.2017 30.06.2017 7.9% Click to view
01.01.2017 31.03.2017 8% Click to view
01.10.2016 31.12.2016 8% Click to view
01.07.2016 30.09.2016 8.1% Click to view
01.04.2016 30.06.2016 8.1% Click to view

GENERAL PROVIDENT FUND FOR THOSE WHO HAVE BEEN RECRUITED ON OR AFTER 1-1-2004

In the 47th National Council JCM meeting held on 13-4-2019, the Staff side reiterated their demand and requested that the GPF scheme may be extended to the NPS employees who opt for the same as an additional saving benefit.

The Cabinet Secretary desired that the demand of the Staff Side may be considered favorably. Your good self has also assured that the demand of the Staff side would be considered and decision taken at the earliest.

In view of the above we submit the following justification for extending the GPF benefit on optional basis to the employees who are governed under the NPS scheme.

The advantage of GPF to the employees is as follows:

(1) The interest rate for GPF accumulation is 8% as on date.

(2) Advances from GPF is permissible for the following purposes.

(i) Illness of self, family members or dependents.

(ii) Education of family members or dependent of the subscriber. Education will include primary, secondary and higher education, covering all streams and educational institutions.

(iii) Obligatory expenses, viz. betrothal, marriage, funerals or other ceremonies.

(iv) Cost of legal proceedings

(v) Cost of defence

(vi) Purchase of consumer durables

(vii) Pilgrimage and visiting places of eminence. This will include any travel and tourism related activities.

(3) Apart from the advances as mentioned above GPF subscribers are entitled for withdrawals from GPF for the following purposes.

(i) Education : This will include primary, secondary and higher education covering all streams and institutions.

(ii) Obligatory expenses, viz. betrothal, marriage, funerals, or other ceremonies of self or family members and dependents.

(iii) Illness of self, family members or dependents.

(iv) Purchase of consumer durable.

(v) Housing including building or acquiring a suitable house or a ready built flat for his residence.

(vi) Repayment of outstanding housing loan.

(vii) Purchase of house site for building a house.

(viii) Constructing a house on a site acquired.

(ix) Reconstructing or making additions on a house already acquired.

(x) Renovating, additions or alterations of ancestral house.

(xi) Purchase of motor car/ motor cycle/ scooter etc. or repayment of loan already taken for the purpose.

(xii) Extensive repairs / overhauling of motor car.

(xiii) Making deposit to book a motor car / motor cycle / scooter, moped, etc.

Apart from the above tax deduction under section 80C is also available. Annual statements will be issued on the 1st of April every year.

More News About GPF


Also Check: Central Government Pay Matrix Table 2022 PDF
Related updates:

    GPF Interest Rate from January to March 2020
    General Provident Fund Interest Rate from April to June 2018
    General Provident Fund Interest Rate for 1st April to 30th June 2017 – Finmin Orders
    GPF interest rate is presently fixed at par with that of PPF interest rate
    GPF Interest Rate 2019-20: 7.9% from Oct to Dec 2019
    GPF Interest Rate 8% from October 2018
    Interest Rate of General Provident Fund w.e.f. 1.1.2017 – Finmin Orders

Filed Under: General Provident Fund, GPF, GPF Interest 2019

New Option for Higher Pension by EPF Pensioners 2023

New Option for Higher Pension by EPF Pensioners

March 27, 2023 By Ekanathan Leave a Comment

EPF Pensioners now have a new option for a higher pension, as per the directions of the Hon’ble Supreme Court judgment dated … [Read More...]

Maternity Leave for Civilian Female Industrial Employees in the Defence

Maternity Leave for Civilian Female Industrial Employees in the Defence: Latest Clarification

March 27, 2023 By Ekanathan Leave a Comment

The Ministry of Law and Justice has amended the Maternity Benefit Act, 2017 through a Gazette Notification issued on 28.03.2017, … [Read More...]

Double, Additional Transport Allowance out of the 50%, 35% ceiling relating to Divyangjan

Double, Additional Transport Allowance out of the 50%/35% ceiling relating to Divyangjan – Date of effect of Implementation

March 27, 2023 By Ekanathan Leave a Comment

The implementation date for doubling or adding to the transport allowance, subject to a 50/35 percent ceiling, for Divyangjan … [Read More...]

DA Arrears to Central Govt Employees and Pensioners - Latest Update

DA Arrears Release to Central Govt Employees and Pensioners – Latest Update

March 27, 2023 By Ekanathan 3 Comments

Are you eagerly awaiting the release of 18 months' worth of DA arrears for Central Government employees and pensioners that were … [Read More...]

Linking with PAN with Aadhaar Last Date 31.3.2023

Linking with PAN with Aadhaar Last Date 31.3.2023

March 27, 2023 By Ekanathan Leave a Comment

Attention All NPS Subscribers: Link Your PAN with your Aadhaar by March 31, 2023 The PFRDA has released a notice advising … [Read More...]

Comments

  1. ASHARFI PREM KUMAR says

    January 23, 2020 at 9:49 am

    I am retired HC from collectatriate, Samastipur(BIHAR) In my GPF A/c SMP/PAR 1081 deposited from my salary. I want to calculate GPF deposit amount with interest. How can it

    Reply
    • M.K.KUMAR says

      January 23, 2020 at 10:33 pm

      As per your balance of your”s retirement month in the last financial year plus your subscriptions of every months including you have withdrawn amount if any to be deducted on this month in compound interest as at that time of percentage of interest.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

7th Pay Commission Latest News

  • New Option for Higher Pension by EPF Pensioners March 27, 2023
  • Maternity Leave for Civilian Female Industrial Employees in the Defence: Latest Clarification March 27, 2023
  • Kendriya Vidyalaya Class 1 Online Admission Kick-off Today at 10 AM March 26, 2023
  • 42% Dearness Allowance for Central Govt Employees from 1st Jan 2023 March 26, 2023
  • Latest Amendments on Civil Dress Code for RPF in Railways March 24, 2023
  • Old Pension Scheme for Central Govt Employees Recruited on or before 22.12.2003 March 24, 2023
  • KVS OMR Sheet and Answer Key 2023 Released: Check Direct Download Link Here March 24, 2023
  • Sharing of Family Pension to Eligible Widows or Children March 24, 2023
  • Railway Board LDCE Quota: Medical De-classified Personnel Selection March 24, 2023
  • Check IRCTC E-Tickets Against E-Passes/PTOs | HRMS App March 24, 2023
  • Implementing 5-day work week in banks soon! March 24, 2023
  • Clarification on Compassionate Appointment in Level-7 to Railway Employees March 24, 2023
  • NPS to OPS for Recruited Against Post or Vacancy Advertised, Notified for Recruitment March 23, 2023
  • 7th UGC Pay Commission | Revision of Pay Scale of Teachers in Universities and Colleges March 23, 2023
  • Latest Details on Demands for Old Pension Scheme March 21, 2023

Top Stories 2023

7th Pay Matrix Table
DA Latest News 2023
KV Fee Structure 2023-2024
7th CPC Salary Calculator January 2023
Bakrid Date in India 2023
7th CPC DA Calculation 2023
Amavasya Date Calendar 2023
Expected DA Calculator January 2023
7th Pay Matrix Level 6
First Month Salary Calculator 2023
Pay Matrix Full Size Image
Post Office Holidays 2023
HRA New Rates 2023
New TA Rates 2023
SBI Bank Holidays 2023
Pay Matrix Level 7 Salary
Pay Level 4 Salary
Pay Matrix Level 8 Salary
7th Transport Allowance New Rates
7th CPC Increment Calculation
KVS Class 1 Admission 2023-2024
Expected Bank DA Calculator 2023

7th Pay Commission Latest News Today 2023

Fitment Factor Table PDF
7th CPC Pay Fixation
7th CPC Pension Calculation
7th CPC Pension Fixation Examples
7th CPC Voluntary Retirement Scheme
DA Calculation as per 7th CPC
7th CPC MACP Scheme
7th CPC Children Education Allowance
7th CPC Transport Allowance
7th CPC Increment
7th CPC HRA
7th CPC Classification of Posts
7th CPC Armed Forces Personnel
7th CPC House Building Advance
7th CPC Leave Rules
7th CPC Travelling Allowance
7th CPC LTC Rules
7th CPC Reservation Policy
7th CPC Risk and Hardship Matrix
7th CPC New Pension Scheme
7th Pay Commission Fitment Table
7th CPC Allowances
7th CPC Advances
7th CPC AICPIN
7th CPC Briefcase Allowance
7th Pay Commission CGEGIS
7th CPC Dress Allowance
7th CPC Child Care Leave
List of Sainik Schools
Latest Dopt Orders
CSD AFD Login
CGHS Subscription Ward Entitlement
CGHS Hospital List
CGHS Package Rates
CGHS Online Booking

7th Pay Commission News Discussions

  • Bangkim Chandra Swargiary on 8th Pay Commission News Date, Salary Slab, Pay Scale Calculator
  • shem shpunii koh on NPS to OPS Option for Certain Central Government Employees Last Date 31.8.2023
  • Hav. Jeevaratnam on OROP Table No.7 – Havildar and Hony Naib Sub and Equivalent
  • K N Sati on 7th Pay Commission Basic Salary Calculator India
  • M.K.KUMAR on 7th Pay Commission Latest News for Pensioners 2021
  • Raviprasad Golla on CGHS Pune – Fresh list of HCOs under CGHS
  • Nilesh Patel on 7th Pay Commission Latest News for Pensioners 2021

Latest News

  • 7th Central Pay Commission
  • 7th CPC Concordance Table
  • 7th CPC Defence
  • 7th CPC Dopt Orders
  • 11th Bipartite
  • 7th CPC HRA
  • 7th CPC Increment
  • 7th CPC Pay Matrix
  • 7th CPC Pay Scale
  • 7th CPC Pay Scale Calculator
  • 7th CPC Pension Calculation
  • 7th CPC Projected Pay Scale
  • 7th CPC Report
  • 7th CPC Transport Allowance
  • 7th Pay Commission Latest News
  • AICPIN
  • Armed Forces
  • Bank Employees News
  • Bonus
  • Central Government Employees News
  • CGEGIS
  • CGHS
  • Children Education Allowance
  • Compassionate Appointment
  • DA Merger
  • Dearness Allowance
  • Dearness Relief
  • Dopt Orders
  • Employment News
  • Expected DA
  • Finmin Orders
  • Freezing of DA and DR
  • Gramin Dak Sevaks
  • Google News
  • Holidays
  • HRA
  • INCOME TAX
  • IPL Cricket
  • IRCTC News
  • JCM Meeting
  • KV Schools
  • LDC UDC Issues
  • MACP
  • LTC
  • National Council Meeting
  • NPS to OPS
  • New Pension Scheme
  • OROP
  • Pay Fixation
  • PCDA Circulars
  • Retirement age
  • Voluntary Retirement Service

Copyright © 2023 - Central Government Employees News - 7th Pay Commission News - Site maintained by TEUT Digital Concepts