GPF interest rate for Jan-March 2020 declared

General Provident Fund

The government of India revises the applicable interest rate on small savings schemes, GPF and other similar schemes at the beginning of each quarter of the financial year. The interest rate for GPF for the last quarter of the financial year 2019-2020 has been declared by the Department of Economic Affairs, a wing of the Ministry of Finance. The Department vide a notification has announced that the applicable rate of interest on GPF and other similar schemes for the last quarter ending March 2020 will be 7.9 percent compounded annually.…

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