The Government of India
has announced that during the Financial Year 2017-18, accumulations
at the credit of subscribers to the General Provident Fund (GPF) and other
similar funds shall carry interest at the rate of 7.8% (Seven point eight
per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate
will be in force w.e.f. 1st October, 2017.
The Notification to
this effect has been issued and published in the Gazette of India on 23rd
October, 2017.
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