State Railway Provident Fund (SRPF) – Rate of Interest

No.F(E)III/2003/PF-1/1pt., dated 26.04.2021

Sub: State Railway Provident Fund – Rate of Interest during the first Quarter of financial year 2021-22 (1^st April, 2021 – 30^th June, 2021).

A copy of Ministry of Finance, Department of Economic Affairs’ OM No.5(4)-B(PD)/2021, dated 19^th April, 2021 prescribing interest at the rate of 7.1% (Seven point one percent) w.e.f. 1^st April, 2021 to 30^th June, 2021 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 (Budget Division)

F. No.5(4)-B(PD)/2021, dated 19^th April, 2021

OFFICE MEMORANDUM

Sub:     Rate of Interest on General Provident Fund (GPF) and other similar funds including Special Deposit Schemes, 1975 (SDS, 1975) for non-Government Provident, Superannuation and Gratuity Funds for first Quarter of financial year 2021-22.

1. The undersigned is directed to state that during the year 2021-2022, 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, 2021 to 30^th June, 2021. This rate will be in force w.e.f. 1^st April, 2021. 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. Also, the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75, dated 30^th June, 1975, shall with effect from 1^st April, 2021 to 30^th June, 2021 bear interest at 7.1% (Seven point one percent). This rate will be in force w.e.f. 1^st April, 2021.

3. This issues with the approval of Hon’ble Finance Minister.

Download Railway Board Circular dated 26.04.2021

Forward reference ⇒ dated 12.07.2021