Provident Fund: RBE No.98/2017 – Rate of Interest during July-September, 2017

No.F(E)III/2003/PF/1/1, dated 18.08.2017

Sub: State Railway Provident Fund – Rate of interest during the year 2017-18 (July, 2017 – September, 2017).                                         

1.     A copy of Government of India’s Resolution No.5(1)-B(PD)/2017, dated 17^th July, 2017 issued by the Ministry of Finance (Department of Economic Affairs) prescribing interest at the rate of 7.8% (Seven point eight per cent) w.e.f. 1^st July, 2017 to 30^th September, 2017 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed, for information and necessary action. 

2.     Please acknowledge receipt.

Ministry of Finance

Department of Economic Affairs

F. No.5(1)-B(PD)/2017, dated 17.07.2017

RESOLUTION

1. It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) w.e.f. 1^st July, 2017 to 30^th September, 2017. This rate will be in force w.e.f. 1^st July, 2017. The funds concerned are:- 

(1) The General Provident Fund (Central Services).

(2) The Contributory Provident Fund (India).

(3) The All India Services Provident Fund.

(4) The State Railway Provident Fund.

(5) The General Provident Fund (Defence Services).

(6) The Indian Ordnance Department Provident Fund.

(7) The Indian Ordnance Factories Workmen’s Provident Fund.

(8) The Indian Naval Dockyard Workmen’s Provident Fund.

(9) The Defence Services Officers Provident Fund.

(10) The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

Download Railway Board Circular RBE No.98/2017                                             

Forward reference ⇒ RBE No.