Government retains General Provident Fund interest rate at 7.8% for Oct-Dec


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 (PPF). In July-September quarter too, the interest rate was 7.8 per cent.

This will apply to Provident Funds of central government employees, railways and defence forces. Last month, the government had kept the interest rate on PPF unchanged at 7.8 per cent for October-December, in line with the rates for small savings schemes.