Govt retains 8.7% interest rate for GPF
New Delhi, April 21
The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 8.7% for the current fiscal.
The 8.7% interest will apply on Provident Funds of Central government employees, railways and Defence forces, according to the notification issued by the Finance Ministry.
The rate of interest will be effective from April 1, 2015, it added. The government had, however, raised the interest rates for other small saving schemes.
The interest rate for senior citizens savings scheme was hiked from 9.2% to 9.3% and for Sukanya Samriddhi Account, the special deposit scheme for girl child, interest rate has been hiked from 9.1% to 9.2%, respectively. — PTI
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
