India

Finance Ministry Declares 7.1 pc Interest Rate For Central Govt Staff PF Schemes

The Finance Ministry has announced a 7.1% interest rate for the General Provident Fund (GPF) and similar provident fund schemes for Central government employees, effective July 1, 2024, to September 30, 2024. This rate applies to various schemes, including:

– General Provident Fund (Central Services)
– Contributory Provident Fund (India)
– All India Services Provident Fund
– State Railway Provident Fund
– General Provident Fund (Defence Services)
– Indian Ordnance Department Provident Fund

Also read: Woman Accuses WB Governor C.V. Anand Bose Of Sexual Harassment, Files Petition In Supreme Court

Notably, the interest rates for small savings schemes remain unchanged for the July-September quarter, with:

– Senior Citizen Savings Scheme (SCSS) at 8.2%
– National Savings Certificate (NSC) at 7.7%

The announcement was made through a circular dated July 3, 2024, and will benefit subscribers to these provident fund schemes.

Kavya Bhatt

Recent Posts

Renowned Folk Singer Sharda Sinha Passes Away At 72; PM Modi Expresses Condolences

PM Modi expressed sorrow over Sinha’s death. "The passing of Sharda Sinha ji is deeply…

4 hours ago

US Election: India Confident Of Strong US Relations And Quad Continuity, Says Jaishankar

Jaishankar noted that the US-India relationship has flourished under both Democratic and Republican leadership, including…

4 hours ago

Sanskriti Diwas Marks 98th Birth Anniversary Of Kashiraj Dr Vibhuti Narayan Singh

Program coordinator Chakravarti Vijay Navad announced that 11 prominent individuals received the Kashiraj Dr. Vibhuti…

5 hours ago

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

6 hours ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

7 hours ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

7 hours ago