INSUBCONTINENT EXCLUSIVE:
The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.Ahead of Diwali, the government raised interest rates on
General Provident Fund (GPF) and other related schemes by 0.4 per cent to 8 per cent
means that GPF will fetch higher interest rates for the quarter ending December as compared to the existing rates
The interest rate would apply on provident funds of central government employees, defence forces and Indian railways.Here are 10 things to
As per GPF, 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 GPF, as mentioned on
pensionersportal.gov.in.6
Subscriptions to the provident fund are stopped 3 months prior to the date of superannuation.8
On retirement of a subscriber, instructions have been issued for immediate payment of final balance on retirement.9
Under the GPF rules, on the death of subscriber, the person entitled to receive the amount standing to the credit of the subscriber shall be
paid an additional amount equal to the average balance in the account during the 3 years immediately preceding the death of the subscriber
subject to certain conditions provided in the relevant rule.10
The conditions for withdrawal from the fund have been liberalized and now no documentary proof is required to be furnished by the subscriber
