GPF & Other Funds Interest Rate for Q4 FY 2023-2024: FinMin Resolution
The Ministry of Finance has released a resolution dated 02.01.2024, announcing the rate of interest on the General Provident Fund (GPF) and other similar funds for the fourth quarter of the fiscal year 2023-2024. This rate will apply from 1st January 2024 to 31st March 2024.
Rate of Interest on GPF and other similar funds for Q4 of FY 2023-2024 from 1st January 2024 to 31st March 2024: Resolution by FinMin dated 02.01.2024
MINISTRY OF FINANCE
(DEPARTMENT OF ECONOMIC AFFAIRS)
New Delhi, the 2nd January 2024
RESOLUTION
No. 5(3)-B(PD)/2023—It is announced for general information that during the year 2023-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st January, 2024 to 31st March, 2024. This rate will be in force w.e.f. 1st January, 2024. The funds concerned are:—
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.
ASHISH VACHHANI
Additional Secretary
Click To View Press Release PDF
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