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GPF interest rate for Oct-Dec retained at 7.8%

GPF interest rate for Oct-Dec retained at 7.8%New Delhi, Oct 25 (IANS) The interest rate on General Provident Fund (GPF) and other related schemes for the October-December quarter has been retained at 7.8 per cent, the government announced on Wednesday.

"The government 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 per cent with effect from October 1 to December 31, 2017," a Union Finance Ministry statement here said.

For the previous July-September quarter too, the interest rate on such schemes was at 7.8 per cent.

 

In September, the government had also retained the interest rate for October-December on the Public Provident Fund scheme unchanged at 7.8 per cent, in line with the rates for small savings schemes.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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GPF interest rate for Oct-Dec retained at 7.8%

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