Finance Ministry

GPF/Similar funds interest rate 8.1% from 01042016 to 30062016. Resolution of Finance Ministry (Budget Division) dated 02/06/2016

F No. 5(1)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, Dated the 2nd June, 2016

RESOLUTION

It is announced for general information that during the year 2016-17, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.1% (eight point one per cent) w.e.f. 1st April, 2016 to 30th June, 2016. This rate will be in force w.e.f. 1st April, 2016. 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 Ordinance Department Provident Fund
  7. The Indian Ordinance Factories Workmen’s Provident Funs
  8. The Indian Naval Dockyard Worksmen’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

(H. K. Srivastava)
Director (Budget)

Share

Recent Posts

  • Income Tax

A bald statement recorded during survey can not be basis for any addition

A bald statement recorded during survey would not in itself be a foundation for any addition - ITAT In a…

1 day ago
  • ICAI

ICAI issued Guidelines for responding to Tenders by Chartered Accountants

ICAI issued Guidelines for responding to Tenders by Chartered Accountants The ICAI has issued Tender guidelines to Chartered Accountants for…

1 day ago
  • ICAI

Empanelment of ICAI Exam observer for January 2027 Examinations. Last date: 20.11.2026

Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of…

3 days ago
  • GST

No arrest under GST- Major decision of 57th Meeting of GST Council held on 8th October 2026

No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE…

4 days ago
  • Income Tax

Later SC ruling cannot render an act done in compliance of a court order a statutory default

A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding…

5 days ago
  • Income Tax

Interest payment on mobilisation advance to NHAI not liable to TDS u/s 194A

Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A - ITAT Interest…

6 days ago