After a couple of month Ministry of Ministry of Finance announced .0.2% increase in General Provident Fund and other similar funds for current financial year 2012-13. Previously MoF had already published a resolution in Gazette of India vide No.F.NO. 5(1)-B(PD)/2011 dated 19-03-2012 regarding Interest Rates on General Provident Fund (GPF) & Similiar funds, which has been revised to 8.6% (eight point six percent) with effect from 1.12.2011. Now interest rate for GPF and similar funds are as under for different period:
|
Period
|
Interest rate
|
|
|
From
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To
|
|
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01.04.2011
|
30.11.2011
|
8.0%
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|
01.12.2011
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31.03.2012
|
8.6%
|
|
01.04.2012
|
31.03.2013
|
8.8%
|
Order:
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.
Source/Order: http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/resolution12.pdf
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