Government Retains Interest Rate of Provident Fund At 7.8%

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    For the quarter October- December, the government of India has retained the rate of interest on provident fund account at 7.8%. The rate of interest on PPF also provides similar return. Further all related schemes shall offer the same return.

    Government Retains Interest Rate of Provident Fund At 7.8%

    The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8 per cent with effect from October 1 to December 31, 2017.

    The rates remain applicable for all subscribers under the scheme whether in the central government, railways or defence.

    The rates have been kept intact with the rates on small saving schemes which the government maintained while announcing rates for the ongoing quarter.

    With Inputs From PTI

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more