GPF Interest rate 2023: The interest rate of GPF (General Provident Fund) has been retained at 7.1%. The government has not made any change in the rates of General Provident Fund in July-September. On the lines of Public Provident Fund, this time no change has been made in the interest rates of GPF.
According to the latest update, from July 1 to September 30, 2023, GPF investment will earn interest at the rate of 7.1 percent. In a notification issued by the Department of Economic Affairs on Tuesday, it has been said that “during the year 2023-24, the rate of interest to be paid on the total amount deposited by the subscribers of the General Provident Fund and other similar funds from July 1, 2023 to 30 Will be 7.1% by September, 2023. This rate will be applicable from July 1, 2023.
Notification issued on GPF Interest Rate
What is General Provident Fund?
General Provident Fund is an important means of investment for government employees in the country. Like PF (Provident Fund), employees can invest some part of their salary in GPF. The government allows employees to withdraw money from GPF in case of retirement and financial emergency.
On which funds this interest rate will be applicable?
- General Provident Fund (Central Services)
- Contributory Provident Fund (India)
- State Railway Provident Fund
- General Provident Fund (Defence Services)
- Indian Ordnance Department Provident Fund
- Indian Ordnance Factory Workers’ Provident Fund
- Indian Navy Dock Workers Provident Fund
- Defense Services Officers Provident Fund
- Armed Forces Personnel Provident Fund
