(a) the rates of interests applicable on General Provident Fund (GPF),
Public Provident Fund (PPF) and Employees Provident Fund
(EPF);
(b) whether the rates applicable to such funds especially GPF and PPF
are proposed to be raised; and
(c) if so, the details thereof and if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI NAMO NARAIN MEENA)
(a) The rate of interest applicable on General Provident Fund (GPF) and
Public Provident Fund (PPF) is 8 (eight) percent per annum and 8.5 per
cent for Employees Provident Fund (EPF).
(b) No, Madam.
(c) The interest rate on GPF and PPF were fixed as per Dr. Reddy
Committee`s Recommendations.Accordingly,these rates were
benchmarked to average secondary market yields on government
Securities of similar maturity.