Interest Rate of 7.1% on GPF and Similar Funds, Applicable From April 1 to June 30

The government has announced that for the financial year 2025-26, the savings accumulated in the General Provident Fund (GPF) and similar funds will earn an interest rate of 7.1% (Seven point one percent) per year. This interest rate will be made applicable from April 1, 2025, to June 30, 2025.

This means that any money deposited in these funds during this period will earn interest at a 7.1% rate. The announcement applies to specific funds, which are mentioned below:

• The General Provident Fund (Central Services).
• The Contributory Provident Fund (India).
• The All India Services Provident Fund.
• The State Railway Provident Fund.
• The General Provident Fund (Defence Services).
• The Indian Ordnance Department Provident Fund.
• The Indian Ordnance Factories Workmen’s Provident Fund.
• The Indian Naval Dockyard Workmen’s Provident Fund.
• The Defence Services Officers Provident Fund.
• The Armed Forces Personnel Provident Fund.

The General Provident Fund (GPF) is a retirement savings scheme for government employees in India, except for armed forces personnel. It allows employees to save some portion of their salary each month, which, over the completion of the maturity period, generates interest.

The accumulated amount is paid out at retirement or can be withdrawn for specific requirements such as education, medical expenses, or housing. The General Provident Fund (GPF) helps government employees save for the future while earning a stable return on their savings.