Finance Ministry has cut the rate of General provident fund (GPF) by 10 basis points from 8% to 7.9%.
During the year 2019-2020, accumulations at the credit of subscribers to the GPF and other similar funds shall carry interest at the rate of 7.9% with effect from July 1, 2019 to 30th September 2019.
Static/Current Takeaways Important For SBI PO/Clerk Main:
- Finance Ministry of India: Nirmala Sitharaman.
Source: The Economics Times