GPF interest at the rate of 8.8% (eight point eight per cent) per annum. This rate will be in force during the financial year beginning on 1st April, 2012.
Provident Fund for Employees of West Bengal
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Procedure for refund of money Deposited to GPF Account or Suspense Head of Account in respect of the Officers of All India Services covered under New Pension Scheme.
Provided that when the amount of subscription is so enhanced/reduced, it shall be within the limit of minimum 6% and maximum 100% of the emolument of the subscriber.
As the rate of interest is not uniform throughout the financial year, a new P.F. Account calculator has been created which will perfectly calculate the interest and generate the Account slip.
GPF, CPF, CPFE shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011.