Provident Fund: Rate of Interest 01.04.2023 to 30.06.2023

No.F(E)III/2003/PF-1/1, dated 20.04.2023

Sub: State Railway Provident Fund – Rate of interest during the 1^st Quarter of financial year 2023-24 (1^st April, 2023 – 30^th June, 2023).

A copy of Ministry of Finance, Department of Economic Affairs’ Resolution F.No.5(3)-B(PD)/2023, dated 10^th April, 2023 prescribing interest at the rate of 7.1% (Seven point one percent) w.e.f. 1^st April, 2023 to 30^th June, 2023 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed for information and necessary action.

Ministry of Finance,

Department of Economic Affairs

F.No.5(3)-B(PD)/2023, dated 10^th April, 2023

Resolution

1. It is announced for general information that during the year 2023-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1^st April, 2023 to 30^th June, 2023. This rate will be in force w.e.f. 1^st April, 2023. 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 dated 20.04.2023                                            

Forward reference ⇒ RBE No.