Govt Announced 7.1 percent interest on non-government PF, superannuation, and gratuity funds

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Sushmita Goswami | Jan 5, 2022 | Views 79175

Govt Announced 7.1 percent interest on non-government PF, superannuation, and gratuity funds

Govt Announced 7.1 percent interest on non-government PF, superannuation, and gratuity funds

The government has announced a 7.1 percent interest rate on deposits made under non-government PF, superannuation, and gratuity with effect from January 1, 2022 to March 31, 2022. The following funds are subject to the revised GPF Interest Rate:

i) The General Provident Fund (Central Services);

ii) The Contributory Provident Fund (India);

iii) The All India Services Provident Fund;

iv) The State Railway Provident Fund

v) The General Provident Fund (Defence Services);

vi) The Indian Ordnance Department Provident Fund;

vii) The Indian Ordnance Factories Workmen’s Provident Fund;

viii) The Indian Naval Dockyard Workmen‘s Provident Fund;

ix) The Defence Services Officers Provident Fund; and

x) The Armed Forces Personnel Provident Fund.

As per the Notification:

F. No. 5(4)-B(PD)/2021.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F. 16(1)-PD/75 dated 30th June, 1975, shall with effect from 1st January, 2022 to 31st March, 2022 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st January, 2022.

To Read Notification Download PDF Given Below:

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