Finance Ministry (Finance Ministry) for October-December quarter (Oct-Dec 2022) without any change in interest rates for General Provident Fund (GPF) and Similar Provident Fund. kept stable.
Know how much interest you will get on GPF
While releasing the information in this regard, the Department of Economic Affairs of the Ministry of Finance said that “It is informed that for the subscribers for the October-December quarter of the financial year 2022-2023.” The interest rates have been retained at 7.1 per cent. The interest rate of 7.1 per cent is being implemented for the General Provident Fund and other similar funds from October 1, 2022 to December 31, 2022.
What are the Similar Provident Funds
For information, let us tell you that the Department of Economic Affairs of the Ministry of Finance announces interest rates for GPF and other similar funds like CPF, AISPF, SRPF, AFPPF for every quarter.
GPF is just a scheme like Public Provident Fund ie PPF but it is only for government employees. The interest rates of these Provident Funds have been kept unchanged for the third quarter of this financial year 2022-23.
Other fund interest rates
Contributory Provident Fund (CPF), All India Service Provident Fund (AISPF), The State Railway Provident Fund (SRPF), General Provident Fund (Defense Services), Indian Ordnance Department Provident Fund (IODPF) etc. all at the rate of 7.1 per cent to the government will pay interest. Earlier, for the July-September quarter also, interest at the rate of 7.1 per cent was given on these provident funds.
