ZPPF/GPF interest rates for 2018 as per G.O RT no 96
A.P Govt. released G.O RT no 96 on 24.01.2018. As per this G.O RT no 96 the rate of interest for ZPPF/GPF amounts is as follows.
- 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 India for payment of interest on subscription to the General Provident Fund in respect of Central Services.
- The State Government have adopted the interest rate of 7.9% per annum with effect from 1.4.2017 to 30.6.2017, as ordered by the Government of India.
- The Government of India through resolution No. F.No.5 (1)-B(PD)/2017, dated. 1.01.2018 announced the interest for the subscribers of General Provident Fund (Central Services) at 7.6 % per annum for the period from 01.01.2018 to 31.03.2018 during the year 2017-18.
- Download G.O RT no 96
- Government after careful examination of the matter, hereby order to Adopt & revision the rate of interest as 7.6 % per annum for the period from 01.01.2018 to 31.03.2018 during the year 2017-18 on the following Provident Funds and other similar funds maintained by the Government of Andhra Pradesh on par with rates of Government of India.