The Full Form of GPF is General Provident Fund.
The government has declared interest rate on General Provident Fund and other similar funds for the October – December quarter. The Budget Division of Department of Economic Affairs, under the Ministry of Finance, has recently issued the notification that the fund accumulation at the credit of subscribers of General Provident Fund (GPF) and other similar funds will carry an interest rate of 7.1 per cent for the period October to December 2020. Therefore, the GPF interest rate from October 2020 to December 2020 is 7.1 per cent.
At the start of each quarter of the financial year, the government revises the interest rate on small savings schemes and subsequently declares the rate on GPF and other schemes.
GPF
means
General Provident Fund
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