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

PM Modi Announces Sending Lord Buddha’s Relics To Thailand

PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…

9 hours ago

PM Modi Shares Highlights From Bangkok: A Vibrant Welcome, Community Connect, & The Ramayan!

Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…

9 hours ago

Judicial Strength At Risk, Says Delhi HC Bar Association On Justice Singh’s Transfer

The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…

10 hours ago

PM Modi: Thailand Key To India’s ‘Act East’ Policy & Indo-Pacific Vision

Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…

10 hours ago

Thailand Releases Commemorative Stamp Showcasing 18th-Century Ramayan Murals During PM Modi’s Visit

Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…

10 hours ago

Centuries-Old Bonds Strengthen As India-Thailand Deepen Partnership: PM Modi

PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…

10 hours ago