Government Retains Interest Rate For General Provident Fund at 8%

The government has retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8 per cent for the first quarter of the current financial year.

The interest rate on these funds was at 8% in January-March quarter of 2018-19 and government kept it unchanged for April to June for 2019-20. The interest rate will be applicable on provident funds of central government employees, railways and defence forces.

Source- DD News

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