Dear Comrades,
The rate of interest on GPF is generally fixed after taking into
consideration the average secondary market yields on government securities. The
rates of interest on General Provident Fund (GPF) is 8% for the
period from 1.4.2011 to 30.11.2011 and 8.6%from 1.12.2011
to 31.3.2012, whereas the rate of interest on EPF for the financial year
2011-12 is 8.25%.whereas the rate of interest on EPF is fixed on the
recommendation of the Central Board of Trustees (CBT) by the Employees
Provident Fund Organisation (EPFO), Ministry of Labour and Employment based on
the income earned on the accumulated fund during the financial year.
Ministry of Finance announced on 22nd May 2012, the interest rates on General Provident Fund and similar funds, which has been revised to 8.8% (Eight point six per cent) with effect from1.04.2012.
NFPE
