New Delhi: GPF rate of interest 2024: The Ministry of Finance has actually introduced the rate of interest on General Provident Fund (GPF) and various other funds for October-December quarter will certainly be maintained unmodified at 7.1 percent.
“It is announced for general information that during the year 2024-2025, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f . 1 October, 2024 to 31th December, 2024. This rate will be in force w.e.f . 1 October, 2024,” an Office Memorandum of the Department of Economic Affairs.
Interest prices on GPF are modified regularly according to the federal government’s released notices. The rate of interest of 7.1 percent for the previously mentioned duration will relate to the adhering to funds:
1. The General Provident Fund (Central Services);
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2.
The Contributory Provident Fund ((*
)) India 3.
– The All
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India Services Provident Fund 4.
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. The State Railway Provident Fund
5
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((* )) . .(* )6.(* ) . .The General Provident Fund 7.Defence Services . .
8.The Indian Ordnance Department Provident Fund . .(* )9.
solutionsThe Indian Ordnance Factories Workmen’s Provident Fund . .(* )10.
. . The Indian Naval Dockyard Workmen’s Provident Fund,
federal government has actually left the rates of interest on numerous tiny cost savings plans consisting of PPF and NSC unmodified for the 3rd straight quarter startThe Defense 1, 2024.
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.Officers Provident Fund claimed a money ministry notice.
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per the notice, down payments under the (* )plan will certainly draw in a rate of interest of 8.2 percent, while the price on a three-year term down payment stays at 7.1 percent.
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.The Armed Forces Personnel Provident Fund rates of interest for prominent
Meanwhile (PPF) and article workplace cost savings down payments plans as well have actually been maintained at 7.1 percent and 4 percent, specifically.
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.The rate of interest on the October will certainly be 7.5 percent, and the financial investments will certainly grow in 115 months.
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.(* )rate of interest on the
“The rates of interest on various small savings schemes for the third quarter of FY 2024-25, starting from October 1, 2024, and ending on December 31, 2024, shall remain unchanged from those notified for the second quarter (July 1, 2024, to September 30, 2024) of FY 2024-25,” (NSC) will certainly continue to be at 7.7 percent for the
As-Sukanya Samriddhi 2024 duration.
The
