State Railway Provident Fund subscribers to get 7.1% interest

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

No. F(E)II/2003/PF-1/4 pt.

New Delhi, Dated: 11.11.2020

The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
(As per mailing list)

Subject: State Railway Provident Fund – Rate of interest during the year 2020-21 (1st October, 2020 — 31st December, 2020).

A copy of Government of India’s Resolution No. 9(2)-B(PD)/2020 dated 27- October. 2020 issued by the Ministry of Finance (Department of Economic Affairs) prescribing interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October. 2020 to 31st December. 2020 on accumulations at the credit of the subscribers to State Railway Provident Fund. is enclosed, for information and necessary action.

(G. Priya Sudarsani)
Director, Finance (Estt.),
Railway Board.

(Read: GPF and other similar funds to carry an interest rate of 7.1 per cent for Q4 2020)

F.NO. 5(2)-B(PD)/2020
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

 
New Delhi, the 27th October, 2020

RESOLUTION

It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October, 2020 to 31st December, 2020. This rate will be in force w.e.f. 1st October, 2020. The funds concerned are:

The General Provident Fund (Central Services).
The Contributory Provident Fund (India).
The All India Services Provident Fund.
The State Railway Provident Fund.
The General Provident Fund (Defence Services).
The Indian Ordnance Department Provident Fund.
The Indian Ordnance Factories Workmen’s Provident Fund.
The Indian Naval Dockyard Workmen’s Provident Fund.
The Defence Services Officers Provident Fund.
The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.

(Rajat Kamar Mishra)
Joint Secretary to the Govt. of India