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Interest rates on General Provident Fund @ 7.1%

 Interest rates on General Provident Fund 7.1% -from 01.07.2022 to 30.09.2022

Provident Fund - Interest rates on General Provident Fund (Andhra Prades) for the subscribers of GPF and other similar funds at the rate of 7.1% (Seven point One percent) per annum with effect from 01.07.2022 to 30.09.2022 for the F.Y.2022-2023 - Orders - Issued. (G.O.Rt.No. 247, from Finance (HR-III-Pension, GPF) Department, dated:20.09.2022)


According to Rule  13(1) of General  Provident Fund  (Andhra Pradesh) Rules 1935, Government shall pay to the credit of the account of a subscriber interest at such rate as may be determined for each year according to the method of calculation prescribed from time to time  by  the  Government of India  for payment of interest  on subscription  to the General provident Fund in respect of Central  Services.

 a.  The General Provident Fund (Andhra Pradesh) Rules] 935 b. The Electricity Department Provident Fund Rules.

c. Emergency Cut and Compulsory Saving Rules. 1949.

d.  Government Distilleries Employees Provident Fund e. Andhra Pradesh Government Life Insurance Fund.

f. Andhra Pradesh Employees Welfare  Fund Rules.

 3.          In  the reference 2"      read  above,  the Government of  India  announced  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 July, 2022 to 30"  September, 2022. This rate will  be in  force w.e.f 1st July, 2022.

 4.          Government after careful  examination of the matter hereby order to adopt the rate of interest  at 7. I%  (Seven point One percent) per annum for the period from I st  July,  2022 to 30th September, 2022 during the F.Y.2022-23 on the following Provident Funds and other similar  funds  maintained  by  the  Government  of Andhra  Pradesh  on  par  with  rates  of Government of India. This rate will be in force w.e.f Ist July, 2022



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