Notification of GP Fund Interest Rates 2020-21

Notification of GP Fund Interest Rates 2020-21

Punjab Government Notification

RATE OF MARK-UP ON STATE PROVIDENT FUND GENERAL
PROVIDENT FUND FOR THE FISCAL YEAR 2020-2021

I am directed to refer to this department’s letter of even number dated August 21, 2020 on the subject cited above and to state that it has been decided that a profit rate of 07.90% per annum shall apply during the financial year 2020-2021 to the State Provident Fund i.e. General Provident Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest

RATE OF MARK-UP ON STATE PROVIDENT FUND GENERAL PROVIDENT FUND FOR THE FISCAL YEAR 2020-2021
RATE OF MARK-UP ON STATE PROVIDENT FUND GENERAL
PROVIDENT FUND FOR THE FISCAL YEAR 2020-2021

Federal Government Notification

According to the Notification, I am directed to convey the rate of mark-up on State Provident Fund i.e General Provident Fund (GP Fund) for the year 2020-21 is as under:

S. No Fiscal Year Rate of Mark-up (Interest Rate GP Fund)
1 2018-2019 14.35%
2 2019-2020 12.00%
3 2020-2021 07.90%


Notification of GP Fund Interest Rates 2020-21
Notification of GP Fund Interest Rates 2020-21