November 22, 2024 20:10 (IST)
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GPF), other similar funds shall carry interest at the rate of 7.8 pct: Govt
New Delhi, Oct 25 (IBNS): The Government of India on Wednesday 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% (Seven point eight per cent) with effect from Oct 1 to Dec 31.
This rate will be in force w.e.f. 1st October, 2017, read the government statement.
"The Notification to this effect has been issued and published in the Gazette of India on 23rd October, 2017," the government further said in the statement.
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