Provident Fund: Rate of Interest Year 2024-25

No.F(E)/2003/PF-1/1, dated 10.09.2024

Sub: State Railway Provident Fund – Rate of interest during the 2^nd Quarter of financial year 2024-25 (1^st July, 2024 – 30^th September, 2024).

A copy of Department of Economic Affairs, Ministry of Finance’s Resolution F.No.5(3)-B(PD)/2023, dated 3^rd July, 2024 prescribing interest at the rate of 7.1%(Seven point one per cent) w.e.f. 1^st July, 2024 to 30^th September, 2024 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed for information and necessary action.

Government of India

Ministry of Finance

Department of Economic Affairs (Budget Division)

F.No.5(3)-B(PD)/2023, dated 03.07.2024

RESOLUTION

1. It is announced for general information that during the year 2024-2025, 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 July, 2024 to 30^th September, 2024. This rate will be in force w.e.f. 1^st July, 2024. 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 10.09.2024

Forward reference ⇒ RBE No.