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GPF Interest Rate for Central Govt Employees

PDF GPF Interest Rates through January 2023

The GPF (General Provident Fund) interest rate was released by the Ministry of Finance, and it will remain at a nice 7.1% for the fourth quarter of 2022-23. The Department of Economic Affairs (DEA) today stated this in an official resolution that will be in effect from January 1 to March 31, 2023. 7.1% has been confirmed.

What exactly is a General Provident Fund?

The General Provident Fund (GPF) is an Indian retirement savings plan for Central Government employees. It is a long-term investment with favorable interest rates and tax advantages. The General Provident Fund (GPF) is administered by the Ministry of Finance and is available to all Central Government employees, including those in the Indian Administrative Service, Indian Police Service, and Indian Forest Service. Employees can use the GPF to save a portion of their monthly salary and receive interest on it. The Ministry of Finance revises the interest rate on GPF deposits once a year.

What is the GPF Interest Rates?

The Ministry of Finance revises the interest rate on GPF deposits every year. The current annual interest rate on GPF deposits is 7.1%. This rate applies to all GPF deposits made between October 1, 2022, and December 31, 2022. The GPF deposit interest rate is calculated quarterly and credited to the account at the conclusion of each quarter. The interest rate on GPF deposits is higher than the interest rate on most other Indian savings programs.

GPF Interest Rate Chart 2023
Month Interest Rate
January 2023 to March 2023 7.1%
GPF Interest Rate Chart 2022
October 2022 to December 2022 7.1%
July 2022 to September 2022 7.1%
April 2022 to June 2022 7.1%
January 2022 to March 2022 7.1%
GPF Interest Rate Chart 2021
October 2021 to December 2021 7.1%
July 2021 to September 2021 7.1%
April 2021 to June 2021 7.1%
January 2021 to March 2021 7.1%
GPF Interest Rate Chart 2020
October 2020 to December 2020 7.1%
July 2020 to September 2020 7.1%
April 2020 to June 2020 7.1%
January 2020 to March 2020 7.9%
GPF Interest Rate Chart 2019
October 2019 to December 2019 7.9%
July 2019 to September 2019 7.9%
April 2019 to June 2019 8.0%
January 2019 to March 2019 8.0%
GPF Interest Rate Chart 2018
October 2018 to December 2018 8.0%
July 2018 to September 2018 7.6 %
April 2018 to June 2018 7.6 %
January 2018 to March 2018 7.6 %

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