New Delhi, May 24 The government Thursday said deposits under the General Provident Fund (GPF) will attract 8.8 percent interest in 2012-13 against 8.6 percent in the previous year.
“The government of India has revised the interest rates for the financial year 2012-13 in respect of state provident funds and special deposit schemes for non-government provident, superannuation and gratuity funds from 8.6 percent to 8.8 percent with effect from April 1, 2012,” the finance ministry said in a statement.
The move will benefit the millions of employees who contribute to the General Provident Fund, a popular fund to encourage savings.-