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        News and Press Release

        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

        October 25, 2017

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        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.

        Interest rate for provident funds updated; notified rate applies to subscriber accumulations for the specified quarter. The Government specified the interest rate to be credited to accumulations in the General Provident Fund and similar subscriber funds for the quarter beginning in October and ending in December 2017, and formalised that rate by issuing a notification published in the Gazette of India.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Interest rate for provident funds updated; notified rate applies to subscriber accumulations for the specified quarter.

                                The Government specified the interest rate to be credited to accumulations in the General Provident Fund and similar subscriber funds for the quarter beginning in October and ending in December 2017, and formalised that rate by issuing a notification published in the Gazette of India.


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