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Monday, November 28, 2011

General Provident Fund : Rate of interest for GPF deposits




General Provident Fund (Central Services) Rules 1960
All Temporary Government servants after a continuous service of one year all re-employed pensioners (other than those eligible for admission to the Contributory Provident Fund ) and all permanent government servants are eligible to subscribe to the Fund. A subscriber, at the time of joining the Fund is required to make a nomination, in the prescribed form, conferring on one or more persons the right to receive the amount that may stand to his credit in the Fund in the event of his death, before that amount has become payable or having become payable has not been paid.
A subscriber shall subscribe monthly to the Fund except during the period when he is under suspension. Subscription to Provident Fund are stopped three months prior to the date of superannuation. Rates of subscription shall not be less than 6% of subscriber’s emoluments and not more than his total emoluments. Rate of interest on GPF accumulations at present is 12% compounded annually. The Rules provide for drawal of advances /withdrawals from the Fund for specific purposes.
Rate of interest for General Provident Fund deposits year wise :-
YEARINTEREST
1959-603.75
1960-613.75
1961-623.75
1962-634
1963-644
1964-654
1965-664.25
1966-674.6
1967-684.8
1968-695.1
1969-705.25
1970-715.5
1971-725.7
1972-736
1973-746
1974-757.2
1975-767.5
1976-777.5
1977-787.5
1978-797.5
1979-808
1980-818.5
1981-829
1982-839
1983-849.5
1984-8510
1985-8610.5
1986-8712
1987-8812
1988-8912
1989-9012
1990-9112
1991-9212
1992-9312
1993-9412
1994-9512
1995-9612
1996-9712
1997-9812
1998-9912
1999-200012
2000-0111
2001-029.5
2002 -039
2003-048
2004-058
2005-068
2006-078
2007-088
2008-098
2009-108
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CIRCULARS, EMPLOYEES NEWS, GPF, LATEST POSTAL NEWS, ORDERS

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