Saturday, April 25, 2015

General Provident Fund Interest Rate 8.7% for 2015-2016


·         The General Provident Fund (Central Services).
·         The Contributory Provident Fund (India).
·         The All India Service Provident Fund.
·         The State Railway Provident Fund.
·         The General Provident Fund (Defence Services).
·         The Indian Ordnance 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 rate of interest is applicable to the above funds w.e.f. 1st April, 2015 and until further orders.
Recently, the Government had kept the interest rates for PPF and other Small Savings Schemes intact.  However, interest rates for 5 year Senior citizen Saving Scheme and Sukanya Samriddhi Account Scheme have been increased from 9.2 to 9.3% and 9.1 to 9.2% respectively, keeping in view the commitment of the Government towards the welfare of the girl child and the senior citizens.

Source : PIB  dtd  20.04.2015

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