State Railway Provident Fund – Rate of Interest

No.F(E)III/2003/PF 1/1, dated 09.04.2020

Sub: State Railway Provident Fund – Rate of Interest during year 2020-21 (1^st April, 2020 to 30^th June, 2020).

A copy of Government of India’s Resolution No.5(2)-B(PD)/2020, dated 7^th April, 2020 issued by the Ministry of Finance (Department of Economic Affairs) prescribing interest at the rate of 7.1% (seven point one percent) w.e.f. 1^st April, 2020 to 30^th June, 2020 on accumulations at the credit of subscribers to State Railway Provident Fund, is enclosed, for information and necessary action.

Ministry of Finance

Department of Economic Affairs

OM No.5(2)-B(PD)/2020, dated 7^th April, 2020

RESOLUTION

1. It is announced for general information that during the year 2020-2021, 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, 2020 to 30^th June, 2020. This rate will be in force w.e.f. 1^st April, 2020. The funds concerned are:-

1. The General Provident Fund (Central Services)

 2. The Contributory Provident Fund (India)

3. The All India Service 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 Service 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 09.04.2020

Forward reference ⇒ 29.07.2020