• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

PayMatrixTables

  • Civil Matrix 2025
    • MHRD Matrix 2025
    • GDS Matrix 2025
  • KVS Admission 2025-26
  • Bonus 2025
  • DA Chart 2025
Home » Govt Announces Interest Rate on GPF

VII Civilian Pay Matrix Maharashtra S20 Pay Matrix
Rajasthan Level 10 Maharashtra Pay Level S 15
Rajasthan Pay Level 8 Kerala 11 Pay Revision
CG Pay Level 8 CG Pay Level 10

CG Pay Matrix Table Defence Pay Matrix
8th Pay Matrix TN Pay Matrix
Maharashtra Pay Matrix Rajasthan Pay Matrix

Govt Announces Interest Rate on GPF

Last Modified: April 7, 2023

Interest Rate on the GPF from January 2023 PDF

The Ministry of Finance said that the General Provident Fund’s (GPF) interest rate will stay at a nice 7.1% for the last quarter of 2022-23. The Department of Economic Affairs (DEA) just made this news official in a resolution that will be in effect from January 1 to March 31, 2023. It has been proven 7.1%.

What is the General Provident Fund (GPF)?

The General Provident Fund (GPF) is an Indian retirement savings plan for people who work for the Central Government. It is an option for a long-term investment with good interest rates and tax benefits. The Ministry of Finance is in charge of the GPF, and all Central Government employees can use it. This includes people in the Indian Administrative Service, the Indian Police Service, and the Indian Forest Service. The GPF lets workers save a portion of their monthly pay and earn interest on it. The Ministry of Finance changes the rate of return on GPF deposits every year.

How much interest does GPF pay?

The Ministry of Finance changes the rate of return on GPF deposits every year. The interest rate on GPF deposits is 7.1% per year at the moment. From October 1, 2022, to December 31, 2022, this rate applies to all GPF deposits. The GPF interest rate is calculated every three months and added to the account at the end of each quarter. The interest rate for GPF deposits is higher than the interest rate for most other savings plans in India.

GPF Interest Rate Chart 2023
Month Interest Rate
January 2023 to March 2023 7.1%
GPF Interest Rate Chart 2022
October 2022 to December 2022 7.1%
July 2022 to September 2022 7.1%
April 2022 to June 2022 7.1%
January 2022 to March 2022 7.1%
GPF Interest Rate Chart 2021
October 2021 to December 2021 7.1%
July 2021 to September 2021 7.1%
April 2021 to June 2021 7.1%
January 2021 to March 2021 7.1%
GPF Interest Rate Chart 2020
October 2020 to December 2020 7.1%
July 2020 to September 2020 7.1%
April 2020 to June 2020 7.1%
January 2020 to March 2020 7.9%
GPF Interest Rate Chart 2019
October 2019 to December 2019 7.9%
July 2019 to September 2019 7.9%
April 2019 to June 2019 8.0%
January 2019 to March 2019 8.0%
GPF Interest Rate Chart 2018
October 2018 to December 2018 8.0%
July 2018 to September 2018 7.6 %
April 2018 to June 2018 7.6 %
January 2018 to March 2018 7.6 %

Filed Under: Interest Rate

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Pay Scale Hand Salary

7th Pay Matrix Level 1 in Hand Salary

Click To View More

7th Pay Matrix Level 2 in Hand Salary

Click To View More

7th Pay Matrix Level 3 in Hand Salary

Click To View More

7th Pay Matrix Level 4 in Hand Salary

Click To View More

7th Pay Matrix Level 5 in Hand Salary

Click To View More

7th Pay Matrix Level 6 in Hand Salary

Click To View More

7th Pay Matrix Level 7 in Hand Salary

Click To View More

7th Pay Matrix Level 8 in Hand Salary

Click To View More

7th Pay Matrix Level 9 in Hand Salary

Click To View More

7th Pay Matrix Level 10 in Hand Salary

Click To View More

7th Pay Matrix Level 11 in Hand Salary

Click To View More

7th Pay Matrix Level 12 in Hand Salary

Click To View More

7th Pay Matrix Level 13 in Hand Salary

Click To View More

7th Pay Matrix Level 13A in Hand Salary

Click To View More

7th Pay Matrix Level 14 in Hand Salary

Click To View More

7th Pay Matrix Level 15 in Hand Salary

Click To View More

7th Pay Matrix Level 16 in Hand Salary

Click To View More

7th Pay Matrix Level 17 in Hand Salary

Click To View More

7th Pay Matrix Level 18 in Hand Salary

Click To View More

What is what?

What is Pay Matrix?
Pay Matrix is a number table designed by 7th Central Pay Commission and recommended for all group of CG Employees and Officers with effect from 1.1.2016 – click to know more

What is Pay Matrix Level?
The nomenclature being used in the new pay matrix assigns levels in place of erstwhile grade pay – click to know more

What is Fitment Factor or Fitment Benefit?
Fitment Factor is a common multiplication number, which is used for arriving a common result – click to know more

What is Terms of Reference?
A key report with instructions given to the Committee or Group – click to know more

The website [http://paymatrixtables.com/] functions primarily as a news platform focused on updates related to central and state government employees, as well as entertainment, technology, gaming, and national news content.