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Finance ยป

Rate of Interest on GPF (01.04.2020 to 30.06.2020)

Accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 7.1% per annum. The rate will be in force during this financial year for the period from 01.04.2020 to 30.06.2020.

Update: Rate of Interest on GPF (01.07.2020 to 30.09.2020)

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
Audit Branch

No. 1630-F(J)-N.B. Dated, the 22nd April, 2020.

RESOLUTION

The Governor is pleased to decide that during the period from 01.04.2020 to 30.06.2020, accumulation at the credit of the subscribers to General Provident Fund and other similar funds under the administrative control of the Government of West Bengal shall carry interest at the rate of 7.1% (seven point one percent) per annum. The rate will be in force during this financial year for the period from 01.04.2020 to 30.06.2020. The funds concerned are:-

i. General Provident Fund (West Bengal Service).

ii. Contributory Provident Fund (West Bengal).

iii. Provident Funds maintained under the West Bengal Non-Government Educational Institutions and Local Authorities (CPFE) Act, 1983.

iv. Any other Provident Fund maintained under State Account with the approval of this Government.

2. Ordered that the resolution be forwarded to all Departments of the Government of West Bengal and published in Kolkata Gazette.

By order of the Governor,

Sd/- R. Bandyopadhyay
Additional Secretary to the
Government of West Bengal

No. 1630-F dated 22.04.2020, Source