Big news for your work / government employees: Modi government's changes in GPF interest rates, find out what will be the benefit
TEAM VTV
The GPF allows each government employee to contribute a fixed portion of their salary to the General Provident Fund.
Central Government changes in GPF
Effective October 1, 2021
Know what will benefit you
The Central Government has announced interest rates for General Provident Fund (GPF) and other such funds for three months from October to December 2021. GPF and other fund subscribers under it, who are employees of the Central Government. They will continue to get a return of 7.1 per cent in the third month. This is because the central government has not made any change in the GPF interest rate for the third month of the financial year 2021-22 and it is unchanged at 7.1 per cent. The central government has not changed the GPF interest rate in the last three months.
The Budget Division of the Department of Economic Affairs in the Ministry of Finance today issued a notification in this regard. The budget division notification states that under the year 2021-22, the interest rate on deposits to customers of the General Provident Fund and other funds under it will be 7.1 per cent. It will be effective every October 1, 2021.
Interest rates on small savings plans will not change
Prior to this, the central government did not make any changes in the interest rates of Public Provident Fund, NSC, Sukanya Samrudhi Yojana and other small savings schemes for October to December 2021. The interest rate on PPF for the current three months is 7.1 per cent.
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