Govt Announces Interest Rates For General Provident Fund, Other Funds For October-December Quarter|Personal Finance News

New Delhi: GPF charge of curiosity 2024: The Ministry of Finance has really launched the speed of curiosity on General Provident Fund (GPF) and varied different funds for October-December quarter will definitely be maintained unmodified at 7.1 %.

“It is announced for general information that during the year 2024-2025, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f . 1 October, 2024 to 31th December, 2024. This rate will be in force w.e.f . 1 October, 2024,” an Office Memorandum of the Department of Economic Affairs.

Interest costs on GPF are modified frequently in response to the federal authorities’s launched notices. The charge of curiosity of seven.1 % for the beforehand talked about length will relate to the adhering to funds:

1. The General Provident Fund (Central Services); .
.

2.
The Contributory Provident Fund ((* )) India 3.

– The All .
.
India Services Provident Fund 4.

.
. The State Railway Provident Fund 5
.

((* )) . .(* )6.(* ) . .The General Provident Fund 7.Defence Services . .

8.The Indian Ordnance Department Provident Fund . .(* )9.

optionsThe Indian Ordnance Factories Workmen’s Provident Fund . .(* )10.

. . The Indian Naval Dockyard Workmen’s Provident Fund,

federal authorities has really left the charges of curiosity on quite a few tiny value financial savings plans consisting of PPF and NSC unmodified for the third straight quarter beginThe Defense 1, 2024.
. .Officers Provident Fund claimed a cash ministry discover. . .

per the discover, down funds beneath the (* )plan will definitely attract a charge of curiosity of 8.2 %, whereas the value on a three-year time period down fee stays at 7.1 %. .
.The Armed Forces Personnel Provident Fund charges of curiosity for outstanding

Meanwhile (PPF) and article office value financial savings down funds plans as effectively have really been maintained at 7.1 % and 4 %, particularly. .
.The charge of curiosity on the October will definitely be 7.5 %, and the monetary investments will definitely develop in 115 months. .
.(* )charge of curiosity on the

“The rates of interest on various small savings schemes for the third quarter of FY 2024-25, starting from October 1, 2024, and ending on December 31, 2024, shall remain unchanged from those notified for the second quarter (July 1, 2024, to September 30, 2024) of FY 2024-25,” (NSC) will definitely proceed to be at 7.7 % for the

As-Sukanya Samriddhi 2024 length.

The