Govt sets GPF interest rate at 7.1%

Excelsior Correspondent

JAMMU, June 21: The Government has ordered that the General Provident Fund (GPF) will carry an interest rate of 7.1% for the first quarter of the financial year 2024-25, covering the period from April 1, 2024 to June 30, 2024.

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“It is hereby ordered that the accumulations at the credit of subscribers to General Provident Fund (GPF) shall carry interest at the rate of 7.01% for first quarter of the Financial Year 2024-25 i.e. April 2024 to June 30 2024,” read an order issued by the Finance Department.