Centre cuts interest on GPF by 10 bps

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

Find More News on Economy Here

हिंदी में पढ़े


Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.


Leave a comment

Your email address will not be published.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