Press Information Bureau

Government of India

Ministry of Finance

24-May-2012 12:36 IST

GPF and SDS Interest Rates Revised for the Financial Year 2012-13

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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DSM/SS/GN

Interest rate revision for provident and special deposit schemes increases returns for listed government funds effective this financial year. The Government revised the interest rate applicable to State Provident Funds (GPF) and Special Deposit Schemes (SDS) for non government Provident, Superannuation and Gratuity funds, increasing the rate previously declared. The revision is operative from the stated effective date and applies to the listed government and defence related provident funds, including the General Provident Fund (Central Services), Contributory Provident Fund (India), All India Services Provident Fund, State Railway Provident Fund, and several defence and ordnance provident funds.