Govt orders revision of GPF interest rates

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Srinagar—The State Government Thursday ordered revision of rate of interest on General Provident Fund (GPF) and other similar funds.

“Pursuant to the notification No: 5(1)-B(PD)/2017 dated: 17.07.2017 issued by the Department of Economic Affairs, Ministry of Finance, Government of India, it is hereby ordered that the accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.8% for the 2nd quarter of current financial year that is; 1 July 2017 to 3 September 2017,” said an ordered issued by the Principal Secretary Finance, Mr Navin Kumar Choudhary, Government.

 

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