Public Provident Fund (PPF) can make you a 7 Digit Person.

Public Provident Fund (PPF) can make you a 7 Digit Person.

PPF Calculator: Hot Money tip! Your Public Provident Fund account can make you a crorepati; here is how

PPF Calculator 2021: A Public Provident Fund (PPF) account is something in which an earning individual invests keeping retirement goal in focus.

Online PPF Calculator 2021: A Public Provident Fund (PPF) account is something in which an earning individual invests keeping retirement goal in focus. As per the income tax act, one's PPF investment, PPF interest rate and PPF maturity is free from income tax outgo. So, one's PPF account not only helps an investor accumulate a retirement fund, it also helps an earning individual to save income tax at the time of income tax return (ITR) filing.

Speaking on the income tax rules applicable on one's PPF account, Manikaran Singhal, Founder at goodmoneying.com said, "PPF investment falls under EEE category as the PPF investment up to Rs 1.5 lakh in a particular financial year is exempted from income tax under Section 80C. Apart from that, PPF interest accrued in one's PPF and PPF maturity amount is free from any kind of income tax liability." However, he said that a PPF account holder can't invest more than Rs 1.5 lakh in one's PPF account and one can't have more than one PPF account.

On PPF interest rate and retirement fund that one can accumulate from PPF account, SEBI registered tax and investment expert Jitendra Solanki said, "PPF account has maturity period of 15 years but one can extend PPF account by submitting Form-16H in the last year of the PPF maturity. This PPF account extension can be done in blocks of 15 years and there is no bar on how many times one can extend one's PPF account."

Assuming a person invests in PPF account for 30 years submitting Form 16-H on three occasions (15h, 20th and 25th year of PPF account opening), and PPF interest rate for the entire period at 7.1 per cent, the PPF calculator suggests that one's PPF maturity amount after 30 years will be Rs 1,11,24,656 or Rs 1.11 crore if he or she invests Rs 9,000 per month of Rs 1,08,000 in one year.

Source: ZeeBusiness

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Now, P.F. interest also Taxable then what other viable investment opportunities for tax savings ?

Finance Minister Nirmala Sitharaman has announced in the Union Budget 2021-22 that PF contributions over Rs 2.5 lakh in a financial year will be taxable from the next financial year.

To curb wealthy people from parking excess money in Provident Funds (PFs) to earn higher tax-free interest, Finance Minister Nirmala Sitharaman has announced in the Union Budget 2021-22 that PF contributions over Rs 2.5 lakh in a financial year will be taxable from the next financial year.

“The budget 2021 has placed a strong emphasis on infrastructure development be it social, physical, or financial infrastructure to re-energise the Covid-hit economy. On the direct tax side, changes pertain to simplification of REITS & InVITS and compliance related announcements,” S Ravi, Former Chairman of Bombay Stock Exchange, Founder & Managing Partner a of Ravi Rajan & Co.

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Interest Rate of GPF for 3rd Quarter is 7.8%

GPF interest rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017

General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017. 

The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. 1st October, 2017.

The Notification to this effect has been issued and published in the Gazette of India on 23rd October, 2017.

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GPF Advance Limit Enhanced upto 12 Months of Pay

GPF Advance Limit Enhanced upto 12 Months of Pay

No 3/212017 -P&PW (F)(i)

Ministry of Personnel, PG & Pensions

Department of Pension & Pensioners’ Welfare

Desk-F

3rdFloor, Lok Nayak Bhavan,

Khan Market, New Delhi-11 0003

Dated 7th March, 2017.

OFFICE MEMORANDUM

Subject : Amendment to the provisions of General Provident Fund (Central Service )Rules 1960- liberalization of provisions for drawal of advance from the Fund by the subscribers – regarding.

The General Provident Fund (Central Service )Rules came into force in 1960. Rule 12 of the said rules provide for drawal of advance by the subscribers, to be sanctioned by the competent authority for reasons indicated in the Rules. Some amendments have been made from time to time to address the concerns raised by the subscribers. However, the provisions, largely. remain restrictive. There is a felt need to liberalize provisions, raise limits and simplify the procedure.

2. The provisions in the. rules have now been reviewed and it has been decided to permit the subscriber to prefer an advance from General Provident Fund (Central Service) Rules 1960 for the following purposes:
Subject:

(i) Illness of self, family members or dependents,

(ii) Education of family members or dependent of the subscriber. Education will include primary, secondary and higher education, covering all streams and educational institutions,

(iii) Obligatory Expenses viz. betrothal; marriage, funerals, or other ceremonies,

(iv) Cost of Legal proceedings,

(v) Cost of defence,

(vi) Purchase of consumer durables,

(vii) Pilgrimage and visiting places of eminence. This will include any travel and . tourism related activities.

3. It has been decided to enhance the limit of advance upto 12 months of pay or three-fourth of the amount at credit, whichever is less. Amount of advance will be recoverable in a maximum of 60 instalments. The advance may be sanctioned by the declared Head of Office . .

4. The declared Head of Department is competent to sanction an advance from the fund for reasons not covered above.

5 Maximum time limit of fifteen days is being prescribed for sanction and payment of an advance from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.

6. In all the above cases of advance, no documentary proof is required to be furnished by the subscriber. A simple declaration by the subscriber explaining the reasons for advance would be sufficient.

7. Necessary amendment to the GPF(Central Service)Rules 1960, giving effect to the above provisions will be issued in due course.

8. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

9. This issues with approval of Department of Expenditure, vide their ID No. 4(1)/EV/2017 dated 28.02.2017.

10. Hindi version of this OM will follow

(Sujasha Choudhury)

Director

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GPF Interest Rate for 4th Quarter (2016-17) for Maharashtra State Employee.

Recently, Maharashtra Government has been announced GPF Interest Rates for 4th Quarter for Fin. Year 2016-17

It is announced for General Information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight Per Cent) w.e.f. 1st January 2017 to 31st March 2017.  This rate will be in force w.e.f. 01st January 2017 as per notification dated 30th January 2017 of Maharashtra Government.

1. General Provident Fund (Madhyapradesh)
2. Patwarancha Provident Fund (Madhyapradesh)
3. Contributory Provident Fund (Madhyapradesh)
4. Compulsory Saving Scheme (Hyderabad)

Sd/-
(B.J. Gadekar)
Deputy Secretary,
Maharashtra Government

GPF Interest Rates for 4th Quarter

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Final Payment of GPF withdrawal to Superannuation Employee - Clarification

No.3/3/2016-P&PW(F)

Ministry of Personnel, PG & Pensions

Department of Pension & Pensioners’ Welfare

Desk-F

3rd Floor, Lok Nayak Bhavan,

Khan Market, New Delhi-110003

Dated 16th January 2017.

OFFICE MEMORANDUM

Subject: Clarification regarding timely payment of GPF final payment to the retiring Government servant – regarding

During review meetings held to evaluate the status of implementation of Bhavishya with Ministries/Departments, it was observed that GPF final payment in many cases is not being paid to the retiring Government servants immediately on retirement from service leading to payment of interest for the delayed period.

2. Rule 34 of General Provident Fund (Central Service) Rules clearly provides that when the amount standing at the credit of a subscriber in the General Provident Fund becomes payable, it shall be the duty of the Accounts Officer to make payment. The authority for the amount payable is to be issued at least a month before the date of superannuation, but payable on the date of superannuation. It may be noted that the requirement of submitting a written application by the retiring Govt. servant for GPF final payment has been dispensed with vide this Department’s Notification No.20(12)/94-P&PW (E) dated 15.11.1996 and notified under S.O NO.3228 dated 23.11.1996.

3. As per Rule 11(4) of GPF Rules, in case the GPF balance is not paid on retirement, interest on the GPF balance is required to be paid for the period beyond the date of retirement also. While interest for the first six months beyond retirement can be allowed by the PAO in the normal course, approval of Head of the accounts office is required for payment of interest beyond six months and that of Controller of Account/Financial Adviser beyond a period of one year.

4. To ensure timely final payment of GPF, and to avoid unnecessary financial burden on account of interest beyond retirement, it has now been decided that every case, in which payment of interest on General Provident Fund becomes necessary in terms of Rules 11(4) of GPF Rules, 1960, shall be put up for consideration to the Secretary of the Administrative Ministry/Department. In all such cases the Secretary of the Administrative Ministry/Department will fix responsibility at all levels to take appropriate action against the Government servant or servants who are found responsible for the delay in the payment of General Provident Fund.

5. This issues with the concurrence of the Ministry of Finance, Department of Expenditure, vide their 10 NO.187/EV/2016 dated 2th September 2016.

6. Hindi version will follow.

(Seema Gupta)

Director

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6 Months GPF Interest Rate Reduced by 0.1 Percent for Fin. Year 2016-17

Recently a resolution issued about GPF Interest rate w.e.f. 01.01.2017, as per this resolution the interest rates on GPF and other similar funds are reduced by 0.1 % w.e.f. 01.01.2017 for all Central Government Employee.

(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)

F.No.5(1)-B(PD)/2016

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

New Delhi, Dated the 18th January, 2017

RESOLUTION

It is announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.0% (Eight per cent) w.e.f. 1st January, 2017 to 31st March, 2017. This rate will be in force w.e.f. 1st January, 2017. The funds concerned are:-

1. The General Provident Fund (Central Services)
2. The Contributory Provident Fund (India)
3. The All India Services Provident Fund
4. The State Railway Provident Fund
5. The General Provident Fund (Defence Services)
6. The Indian Ordnance Department Provident Fund
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund
9. The Defence Services Officers Provident Fund
10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-

(Vyasan R.)

Deputy Secretary (Budget)

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G.P.F. Interest Rate Reduced, 8% for period of 01/10/2016 to 30/12/2016.

It is announced for General Information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight Per Cent) w.e.f. 1st October, 2016 to 31st December, 2016.  This rate will be in force w.e.f. 01st October, 2016 as per notification dated 13th October of Maharashtra Government.

1. General Provident Fund (Madhyapradesh)
2. Patwarancha Provident Fund (Madhyapradesh)
3. Contributory Provident Fund (Madhyapradesh)
4. Compulsory Saving Scheme (Hyderabad) 

GPF Interest Rate Notification (Click Here)

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Latest Amendments in Provident Fund (EPF, EPS & EDLI) w.e.f. 01.09.2014

Latest amendments in Provident fund is that who on or after the 16th November, 1995, become a member of Employees' Provident Fund Scheme, 1952, or of the Provident Funds of the factories and other establishments exempted by the appropriate Government under section 17 of the Act, or in whose case exemption has been granted under Paragraph 27 or 27-A of the Employees' Provident Fund Scheme, 1952 or whose pay on such date is less than or equal to 15000/- rupees from the date of such membership.

Determination of Pensionable Salary:

Pensional Salary shall be average monthly pay drawn (in any manner including on piece-rate basis) during the contributory period of service in the span of 60 months preceding the date of exit from the membership of the Employees' Pension Fund and the pensionable salary shall be determined on prorata basis for the pension service upto 01.09.2014, subject of a maximum of Rs. 6500/- PM and for the period thereafter Rs. 15000/- PM.

"Provided that if a member was not in receipt of full pay during the period of 60 months preceding the day he creased to be the member of Pension Fund, the average of previous 60 months full pay drawn by him during the period for which contribution to the pension fund was recovered, shall be taken into account as pesionalble salary for calculating pension".

(4) Inserted: Existing Members already contributing on salary exceeding Rs. 6500/-, may continue to contribute on salary exceeding Rs. 15000/- by a fresh option.  In this case additional contribution @ 1.16% is to be made from employee contribution on salary exceeding Rs. 15000/-.

Fresh Option for additional contribution to EPS on salary exceeding Rs. 15000/- can be made up to 01.032015 and the date can be extended further upto 01.09.2015 if RPFC is satisfied by the cause.

If no fresh option has been made, the contribution on salary exceeding Rs. 15000/- to EPS will be diverted/transferred back to EPF Account with specified interest.

Changes by EPS (Amendment 2nd)-2014

Monthly Member's Pension:
7(A) Inserted:  The monthly members' pension including any relief payable to any existing or future member under this paragraph shall not be less than 1000/- rupees.

Benefits on permanent and total disablement during the service:
A member, who is permanently and totally disabled during the employment shall be entitled to pension as admissible under paragraph 12 as the case may be subject to a minimum of Rs. 250/- per month notwithstanding the fact that he/she has not rendered the pensionable service entitling him/her to pension under paragraph 12 provided that she/he has made at lease one month's contribution to the Pension Fund.

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EPFO/GPF Interest Rates may rise from 8.75 to 9% for Fin. Year 2014-15

Retirement  fund body EPFO may well provide nine per cent interest rate on PF deposits to the current fiscal to be able to its over 5 crore subscribers, slightly above 8. 75 per cent paid in 2013-14.

"The initial estimates indicate which the Employees' Provident Fund Organisation (EPFO) can simply provide nine per cent interest rate on PF tissue for 2014-15, inch a source claimed.

According to your pet, the improved current market conditions, especially following formation of a whole new government at Heart last month, have raised anticipations of higher assure on various investments by the body.

EPFO deals with a corpus associated with over Rs 5 lakh crore. It has received Rs 71, 195 crore while incremental deposits from its subscribers underneath social security schemes run because of it during 2013-14, that's 16 per cent above Rs 61, 143 crore collected because of it in 2012-13.

The origin said EPFO in addition plans to unlock its investment associated with around Rs fifty five, 000 crore within Special Deposit Structure (SDS). The government pays a fixed rate of eight per cent on SDS to EPFO that's lower than different investment options available in the present legal frame work.

EPFO is also anticipated to improve yields or maybe returns on its investment within the new norms prescribed under an expenditure pattern notified by the Labour Ministry not too long ago.

According to the revolutionary pattern, EPFO can invest approximately 55 per penny of its funds with big debts securities issued simply by banks and lender and other physique corporates.

The new expenditure pattern also allows EPFO to get up to five per cent of its corpus in money market tools, including units associated with mutual funds, money linked schemes regulated by Securities and also Exchange Board associated with India.

The new investment norms provide for parking approximately 55 per cent on the EPFO funds in a very new category including government and state bonds.

Source: www.taxalertindia.com

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General Provident Fund Interest Rate 8.7% w.e.f. 01.04.2014

The Government of India, Ministry of Finance, Department of Economics Affairs has issued a resolution regarding General Provident Fund Interest Rate.  Government of India decided the Interest Rate 8.7% for Fin. Year 2014-15.  This Interest Rate will be effected from 01.04.2014.  The detail resolution is as follows: 

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)

F.NO. 5(1)-B(PD)/2014

Government of India

Ministry of Finance

(Department of Economic Affairs)

New Delhi, the 4th March, 2014

RESOLUTION

It is announced for general information that during the year 2014-2015, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.7% (Eight point seven per cent) per annum. This rate will be in force during the financial year beginning on 1.4.2014. The funds concerned are:—

1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).

3. The All India Services Provident Fund.

4. The State Railway Provident Fund.

5. The General Provident Fund (Defence Services).

6. The Indian Ordnance Department Provident Fund.

7. The Indian Ordnance Factories Workmen’s Provident Fund.

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund.

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-

(Peeyush Kumar)

Director (Budget)

Source: www.finmin.nic.in

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Interest Rates for Small Savings Schemes increased for the Financial Year 2014-15.

The Government of India Ministry of Finance has increased Interest rate on Small Savings Schemes of Post Office Department on popular schemes. Only because to competitive with Banks' FDR and Private & Public Sector Investment.

Various decisions taken by the Government of India on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memorandum dated 11th November, 2011.

One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st April of that year. Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01.04.2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :

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Provident Fund Interest Rate rising to 8.75% for Fin. 2013-14.

Retirement fund body EPFO on Monday decided to increase the rate of interest on Provident Fund deposits to 8.75% for 2013-14, a move that will benefit about 5 crore subscribers.

"We have decided to recommend to the government 8.75% rate of interest for 2013-14 to its subscribers," labour minister Oscar Fernandes told reporters after a meeting of the EPFO trustees.

The Central Board of Trustees, which is the apex decision-making body of the Employees' Provident Fund Organization (EPFO), met on Monday and approved the interest rate.

According to sources, the body had surplus funds, which enabled the interest rate to be increased from 8.5% in the previous financial year (2012-13).

The EPFO's recommendation will be vetted by the finance ministry. Once the ministry approves the decision, the interest would be credited to the accounts of subscribers.

According to sources, the decision to enhance the rate was taken in view of the forthcoming Lok Sabha polls.

The EPFO is estimated to have an income of Rs 20,796.96 crore in the current financial year.

Payment of interest at the rate of 8.5% to subscribers would have required Rs 20,740 crore and left a surplus of Rs 56.96 crore, according to earlier projections.

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Arrears of Sixth pay Commission- depositing in GPF in March 2014 instead of June 2013.

State Government implemented 6th pay by recommended Hakim Committee and Central Government title.  The arrears of 6th Pay commission depositing in GPF instead of Cash of period 01.01.06 to 31.03.2009 in 5 equal Installment.  But due to dryness this year, the depositing amount of 6th pay into GPF not deposited in June-13, It will be depositing in March-14.

In This regard Click here to read more.

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Returns on NPS or DCPS Schems for Financial Year 2012-13.

The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme.

PFRDA advises that various NPS schemes have earned the following average annual returns during the financial year recently ended on 31st March, 2013 (Weighted Average):

Details are as under:

Sr. No.	Scheme	Average returns (in %)
1	Central Government	12.39
2	State Government	13.00
3	Swavlamban	13.40
4	Private: Equity	8.38
5	Private: Corporate Debt	14.19
6	Private: Government Debt	13.52

Last year PFRDA had issued revised guidelines for Registration of Pension Fund Managers to manage NPS for Private sector, under which eight Pension Fund Managers have been registered so far- SBI Pension Funds Pvt. Ltd., UTI Retirement Solutions Ltd., LIC Pension Fund Ltd., Kotak Mahindra Pension Fund Ltd., Reliance Capital Pension Fund Ltd., ICICI Prudential Pension Funds Management Co. Ltd., HDFC Pension Management Co. Ltd. and DSP Black Rock Pension Fund Managers Pvt. Ltd.

Pension Fund Managers are now allowed to prescribe their own fee subject to ceiling of 0.25% to enable an economically viable model for their operations.

PFRDA also recently revised its Investment Guidelines, with a view to improve performance of Pension Fund Managers by direct investment in equity & corporate debt and not through mutual funds etc. Further for better risk management prudential sectoral norms have also been introduced.

The National Pension System which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009 has accumulated a corpus of Rs 33,000 crores contributed by 50 lakhs subscribers.

 

Source: www.90paisa.blogspot.in

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Rate of Interest w.e.f. 01.04.2013 on PPF, NSC, SCSS, MIS, POTD reduced.

REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES

WITH EFFECT FROM 01ST APRIL, 2013

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :

Scheme	Rate of Interest w.e.f. 1-4-2012	Rate of Interest w.e.f. 1-4-2013
Savings Deposit	4.00%	4.00%
1 Year Time Deposit	8.20%	8.20%
2 Year Time Deposit	8.30%	8.50%
3 Year Time Deposit	8.40%	8.30%
5 Year Time Deposit	8.50%	8.40%
5 Year Recurring Deposit	8.40%	8.30%
5 Year SCSS	9.30%	9.20%
5 Year MIS	8.50%	8.40%
5 Year NSC	8.60%	8.50%
10 Year NSC	8.90%	8.80%
PPF	8.80%	8.70%

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D.C.P.S. Rate of Interest for the Year 2012-13.

The State Government take decision on D.C.P.S. scheme.  The Interest rate on D.C.P.S. Scheme is 8.80% from 01.04.2012 to there Employee who appointment on or after 01.11.2005 as per 6th Pay Commission to Part-1.

As well as per 6th pay commission D.C.P.S. scheme is applicable for those employee whose appointment on or after 01.11.2005 as Part-2, they have also enjoying the D.C.P.S. Interest Rate 8.8% from 01.04.2012.

  Download G.R. Click Here

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GPF Interest 8.80% implemented by Maharashtra Government w.e.f. 01.04.2012.

Maharashtra Government has implemented revised the Interest Rates for the financial year 2012-13 in respect of State PFs (GPF) and Special Deposit Schemes (SDS) for non-government Provident, Superannuation and Gratuity funds (SDS), 1975, from 8.6% to 8.8% with effect from 01.04.2012

Government Notification of GPF Interest (Click Here)

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Post Office (Monthly Income Account) Amendment Rules, 2012 Increases Interest Rate as 8.50% w.e.f. 01.04.2012

POST OFFICE (MONTHLY INCOME ACCOUNT) AMENDMENT RULES, 2012 - AMENDMENT IN RULE 8

NOTIFICATION NO.GSR 322(E), DATED 25-4-2012

In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely:-

1. (1) These rules may be called the Post Office (Monthly Income Account) Amendment Rules, 2012.

(2) They shall deemed to have come into force on the 1st day of April, 2012.

2. In the Post Office (Monthly Income Account) Rules, 1987,—

(a) in rule 8, in sub-rule (1), after clause (i), the following clause shall be inserted, namely: -

"(j) 8.5 per cent per annum in respect of deposits made on or after the 1st day of April, 2012.".

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Interest Rate of GPF and SDS or DCPS increased by 0.20% w.e.f. 01st April 2012.

As per press note issued by Finance Ministry, Government of India, the rate of interest of GPF (General Provident Fund and SDS (Special Deposit Scheme has been increased by 0.20% it means from 8.60% to 8.80% from 01.04.2012. Press Note is below:

PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
*****
GPF AND SDS INTEREST RATES REVISED
FOR THE FINANCIAL YEAR 2012-13
New Delhi: Jyaistha 03, 1934
May 24, 2012

Government of India has revised the Interest Rates for the financial year 2012-13 in respect of State PFs (GPF) and Special Deposit Schemes (SDS) for non-government Provident, Superannuation and Gratuity funds (SDS), 1975, from 8.6% to 8.8% with effect from 01.04.2012. The funds concerned are:-

1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

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