GPF ACCOUNT

Central govt employees' salary: The Ministry of Finance has announced the interest rates of the General Provident Fund (GPF), Contributory Provident Fund (CPF) and other similar provident fund schemes for the July-September quarter of 2024. Will inv...

NPS vs OPS: The Centre allowed central government employees to switch from NPS to CCS (Pension) Rules, 1972 (now 2021), known as the old pension scheme. The Department of Pension and Pensioners’ Welfare released FAQs to address queries on the implem...

General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.

GPF withdrawal rules: The Department of Pension & Pensioners Welfare (DoPPW) has recently listed out updated withdrawal rules for the GPF subscribers. Do note that the GPF subscribers do not need to furnish any documentary proof to withdraw money fr...

The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives.

The interest rates of GPF, All India Services Provident Fund and other similar funds will be 7.1 per cent for the April-June quarter, 2023, said the Department of Economic Affairs (DEA), Ministry of Finance in a resolution on April 10, 2023. All you...

The interest rate on GPF and other similar funds would be 7.1 per cent for the October-December quarter, 2022, said the Department of Economic Affairs (DEA), Ministry of Finance in a resolution. All you need to know.

The bench asked Additional Solicitor General KM Natraj, appearing for the Centre, to look into the matter and take instructions on the issue. It fixed the plea of the judges for further hearing on March 3. The plea was filed by seven Patna High Cour...

The finance secretary further requested the PFRDA to refund the amount soon according to its present market value citing that it will be used to meet future pension liabilities and will be kept in a separate pension fund under the Public Account of ...

"It is announced for general information that during the year 2021-22, accumulation at the credit of subscribers of General Provident Fund and other similar funds shall carry interest rate of 7.1% (seven point one percent) w.e.f. 1st October 2021."

The sources said that there are more than 4.5 crore contributors’ accounts in EPF. Out of these more than 1.23 lakh accounts are of HNIs who contribute monthly very huge sums to their EPF accounts.

"One of the highest contributors has more than Rs 103 crore in his PF account, followed by two second highest ones having more than Rs 86 crore each... top 20 HNIs have about Rs 825 crore in their accounts while top 100 HNI contributors have more th...

An official spokesperson said that funds to the tune of Rs.184 crore had been released for making payments of GPF to the employees till December 31, 2019. Another sum of Rs. 111 crore for medical, Petroleum Oil and Lubricant (POL), water/electricity...

The government has with effect from March 7, 2017, liberalised conditions for taking advance from the GPF for education, illness and purchase of consumer durables.

The Centre had, on March 7, liberalised GPF rules in a big sop to govt employees, by bringing about changes for withdrawals for education, obligatory expenses, illness, etc.

The move comes after it was noticed that GPF final payment in many cases was not being made to the government servants immediately after retirement leading to payment of interest for the period delayed.

The rates fixed were in conformity with the rates fixed by the Centre and would be effective from April one, 2015, an official release said here today.

Over 2.5 lakh General Provident Fund (GPF) subscribers in Uttar Pradesh can now obtain a copy of their annual account statement electronically.

The 8.7 per cent interest will apply on PF of central government employees, railways and defence forces, according to the finance ministry.