The Indian government has retained the Interest Rate for General Provident Fund, Contributory Provident Fund and other related schemes at 8% for the first quarter of 2019
The government of India has retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund (CPF) and other related schemes at 8% for the first quarter of 2019.
The interest rate on GPF, CPF and other related schemes was at 8% in January-March quarter of 2018-19 and government kept interest rate on these schemes unchanged for April to June for 2019-20.
According to Department of Economic Affairs, the interest rate will be applicable on provident funds of central government employees, railways and defence services.
In March 2019, the government of India had retained interest rates on small savings, including National Savings Certificate (NSC) and Public Provident Fund (PPF) for the first quarter of current fiscal.