<p class="title">The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter.</p>.<p class="bodytext">The rate is in line with that for Public Provident Fund.</p>.<p class="bodytext">The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19. "... during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8 per cent with effect from October 1, 2018, to December 31, 2018," a Department of Economic Affairs' notification said.</p>.<p class="bodytext">The interest rate would apply on Provident Funds of central government employees, railways and defence forces.</p>.<p class="bodytext">Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks. </p>
<p class="title">The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter.</p>.<p class="bodytext">The rate is in line with that for Public Provident Fund.</p>.<p class="bodytext">The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19. "... during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8 per cent with effect from October 1, 2018, to December 31, 2018," a Department of Economic Affairs' notification said.</p>.<p class="bodytext">The interest rate would apply on Provident Funds of central government employees, railways and defence forces.</p>.<p class="bodytext">Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks. </p>