MINISTRY OF FINANCE
Government Decides to Fix Interest Rates at 8.7% for General Provident
Fund(GPF) and other Similar Funds Including Special Deposit Scheme,
1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds
for the Financial Year 2015-16.
It was decided by the Government to link the interest rates of State PFs
(General Provident Fund and other similar funds) including Special Deposit Scheme,
1975 (SDS, 1975) for Non-Government Provident, Superannuation and Gratuity
Funds for the FY 2015-16 to Public Provident Fund (PPF) rates. In pursuance of
that decision, the Government has decided to fix the rates 8.7% per
annum applicable to the following:-
· The
General Provident Fund (Central Services).
· The
Contributory Provident Fund (India).
· The
All India Service Provident Fund.
· The
State Railway Provident Fund.
· The
General Provident Fund (Defence Services).
· The
Indian Ordnance Provident Fund.
· The
Indian Ordnance Factories Workmen’s Provident Fund.
· The
Indian Naval Dockyard Workmen’s Provident Fund.
· The
Defence Services Officers Provident Fund.
· The
Armed Forces Personnel Provident Fund.
The rate of interest is applicable to the above funds w.e.f. 1st April,
2015 and until further orders.
Recently, the Government had kept the interest rates for PPF
and other Small Savings Schemes intact. However, interest rates for 5
year Senior citizen Saving Scheme and Sukanya Samriddhi Account Scheme have
been increased from 9.2 to 9.3% and 9.1 to 9.2% respectively, keeping in view
the commitment of the Government towards the welfare of the girl child and the
senior citizens. DSM/KA : 21.04.2014
