New Delhi: The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 7.8 per cent for the October-December quarter.
The rate is in line with that for Public Provident Fund. In July-September quarter too, the interest rate was 7.8 per cent.
"The Government of India has 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 per cent with effect from October 1 to December 31, 2017.
This would apply on Provident Funds of central government employees, railways and defence forces.