Additional Interest against GPF Final Payment claim – regarding
During the period from July 2024 to September 2024, it has been found that additional interest amounting to Rs. 15,13,234/- was paid against 15 number of Final Payment cases.
Provident Fund
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
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Interest Rate on General Provident Fund (01.04.2025 to 30.06.2025)
Governor is pleased to decide that during the period from 01.04.2025 to 30.06.2025, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% per annum.
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Interest Rate on General Provident Fund (01.01.2025 to 31.03.2025)
Governor is pleased to decide that during the period from 01.01.2025 to 31.03.2025, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% (Seven point one percent) per annum.
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Fixation of Ceiling on Subscription in Provident Fund
Monthly PF subscription should strictly be regulated in such a manner so that the total sum of subscription in a financial year does not exceed the limit of Rs. 5 lakh.
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Interest Rate on General Provident Fund (01.10.2024 to 31.12.2024)
Governor is pleased to decide that during the period from 01.10.2024 to 31.12.2024, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% (Seven point one percent) per annum.
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Modalities of Application, Sanction of Advance and Final Payment of Provident Fund through NGIPF Module
On receipt of the final payment authority from DPPG, WB, the PFD Admin shall disburse the final payments to the employees.
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Procedure for Payment of Provident Fund Interest – Addendum
In case of final withdrawal of accumulations in the Provident fund, interest shall he payable thereon to the employee or his nominee or legal heirs, as the case may be, up to the end of the month preceding which the payment is made.
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Interest Rate on General Provident Fund (01.07.2024 to 30.09.2024)
The interest rate of 7.1% (Seven point one percent) will be in force during this financial year for the period from 01.07.2024 to 30.09.2024.
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Interest Rate on General Provident Fund (01.04.2024 to 30.06.2024)
The interest rate of 7.1% (Seven point one percent) will be in force during this financial year for the period from 01.04.2024 to 30.06.2024.
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Payment of Additional Interest against GPF Final Payment Claim
Application for final payment should be submitted in proper form in due time prescribed by the government. (Form 10A where the subscriber is alive and Form 10B in case of death of a subscriber).