Rate of Interest for General Provident Fund 2012-13


Rate of Interest for General Provident Fund 2012-13

Enhancement of interest rates on GPF from 8.6% to 8.8%

Ministry of Finance has announced for general information that the GPF interest rates has been revised from 1.4.2012. The fund accumulaitons at the credit of subscribers to the General Provident Fund shall carry interest at the rate of 8.8% (Eight point eight per cent) per annum.

The rate will be in force during the financial year begining on 1st April, 2012.

The rate of interest on General Provident Fund was 8% from the period of April to November 2011 and once again revised the rates from 8% to 8.6% for the period of December to March 2012.

Even the nationalised banks are demanding interest on fixed deposits (upto 3 years) is now 9% only. 

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