Provident Fund: Rate of Interest during 3rd Quarter
No.F(E)III/2003/PF-1/1, dated 12.10.2023
Sub: State Railway Provident Fund – Rate of Interest during the 3rd Quarter of Financial year 2023-24 (1st October, 2023 – 31st December, 2023).
A copy of Ministry of Finance, Department of Economic Affairs’ Resolution F.No.5(3)-B(PD)/2023, dated 4th October, 2023 prescribing interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October, 2023 to 31st December, 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 04 October, 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. 1st October, 2023 to 31st December, 2023. This rate will be in force w.e.f. 1st October, 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 12.10.2023
Forward reference ⇒ RBE No.