PROVIDENT FUND INTEREST RATE FIXED AT 8.7% FOR THE YEAR 2013-14 – INTEREST RATE CUT OF 0.1% COMPARED TO PROVIDENT FUND INTEREST RATE FOR THE YEAR 2012-13.

(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)

F.No.5(1)-B(PD)/2013

Government of India

Ministry of Finance

(Department of Economic affairs)

New Delhi, the 8th April, 2013

RESOLUTION

It is announced for general information that during the year 2013-2014, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.7% (Eight point seven per cent) per annum. This rates will be in force during the financial year beginning on 1.4.2013.

The funds concerned are :-

1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).

3. The All India Services Provident Fund.

4. The State Railway Provident Fund.

5. The General Provident Fund (Defence Services).

6. The Indian Ordnance Department Provident Fund.

7. The Indian Ordnance Factories Workmen’s Provident Fund.

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund.

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-

(Peeyush Kumar)

Director (Budget)