November 05, 2024 11:07 (IST)
Follow us:
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Mahindra debuts Electric Origin SUVs Mon, Nov 04 2024
FPIs withdraw Rs 94,000 crore from Indian equities in October in worst monthly outflow Mon, Nov 04 2024
Telangana: Swiggy fined Rs 35,000 for inflating delivery distance to overcharge customers Mon, Nov 04 2024
Swiggy IPO set to hit the Street on Nov 6: Key things to know before subscribing to the issue Mon, Nov 04 2024
Oil prices rise by over $1 as OPEC+ delays output hike Mon, Nov 04 2024
Apple acquires Lithuanian-based photo editing app Pixelmator Sat, Nov 02 2024