NEW DELHI:
The Finance Ministry has announced a 7.1 per cent interest rate for the Central government employees’ General Provident Fund (GPF) and other similar provident fund schemes for the July-September quarter.
The Finance Ministry in a circular dated July 3, said: “It is announced for general information that during the year 2024-2025, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1 per cent with effect from 1st July 2024 to 30th September 2024. This rate will be in force w.e.f. 1st July, 2024.”
The schemes that will fetch interest rates of 7.1 per cent for the July-September quarter are the General Provident Fund (Central Services), Contributory Provident Fund (India), All India Services Provident Fund, The State Railway Provident Fund, The General Provident Fund (Defence Services) and The Indian Ordnance Department Provident Fund.
The Centre has left the interest rates of small savings schemes unchanged for the July-September quarter with Senior Citizen Savings Scheme (SCSS) at 8.2 per cent while the interest rate of the National Savings Certificate (NSC) will be at 7.7 per cent.
more recommended stories
Amarnath Yatra Temporarily Halted Due to Heavy RainSRINAGAR:The movement of Amarnath pilgrims towards.
Congress Accuses Government of Fleecing Cell Phone Users with Tariff HikeNEW DELHI:Congress has unleashed a scathing.
Liquor Policy: Delhi HC Issues Notice on CM Kejriwal’s Bail Plea in CBI CaseNEW DELHI:The Delhi High Court on.
Hathras Stampede: 6 ‘Satsang’ Organisers Held; Rs 1 lakh Bounty on Main AccusedLUCKNOW:Six people have been arrested in.
Over One Lakh Perform Amarnath Yatra in Five DaysJAMMU:The Annual Amarnath Yatra 2024 is.
Out on Bail, Hemant Soren Likely to Become Jharkhand CM AgainRANCHI:Jharkhand Mukti Morcha (JMM) chief Hemant.
Union Minister Clarifies on Special Status for Andhra PradeshNEW DELHI:Union Minister Bhupathiraju Srinivasa Varma.
Army Chief Gen Upendra Dwivedi on Maiden Visit to J&KJAMMU:Chief of Army Staff General Upendra.
10 Years Completed, 20 More Left: PM Modi’s Dig at INDIA Bloc in RSNEW DELHI:Prime Minister Narendra Modi, replying.
Kerala Government Grants ₹ 4.5 Lakh To SOS Children’s VillagesKOCHI:The Government of Kerala’s Department of.