# Interest-rates-on-General-Provident-Fund-7.1%-wef-july-1st-2020

- Link: https://amaravathiteacher.com/interest-rates-on-general-provident-fund-7-1-wef-july-1st-2020/
- Published: 2020-09-22T19:53:37+05:30
- Author: amaravathiteacher

## **Interest-rates-on-General-Provident-Fund-7.1%-wef-july-1st-2020**

### **Interest rates on General Provident Fund (Andhra Pradesh) for the subscribers of GPF and other similar funds at the rate of 7.1% (Seven point One percent) per annum with effect from 01.07.2020 to 30.09.2020 for the year 2020-21**

### **The State Government have adopted the interest ****rate of 7.1% per annum with effect from 01.04.2020 to 30.06.2020 for the 1st quarter ****of the year 2020-21 on the following Provident Funds and other similar funds**⏎ **maintained by the Government Andhra Pradesh on par with rates of Government of****India.****a. The General Provident Fund (Andhra Pradesh) Rules1935****b. The Electricity Department Provident Fund Rules.****c. Emergency Cut and Compulsory Saving Rules, 1949.****d. Government Distilleries Employees Provident Fund****e. Andhra Pradesh Government Life Insurance Fund.****f. Andhra Pradesh Employees Welfare Fund Rules.****3. In the reference 2nd read above, the Government of India announced the****General Provident Fund and other similar funds shall carry interest rate at 7.1%****(Seven point one percent) w.e.f. 1st July, 2020 to 30th September, 2020 for the year****2020-21. This rate will be in force w.e.f 1st July, 2020.****4. Government after careful examination of the matter hereby ordered to carry****the rate of interest at 7.1% (Seven point One percent) per annum for the period from****01.07.2020 to 30.09.2020 during the year 2020-21 on the following Provident Funds ****and other similar funds maintained by the Government of Andhra Pradesh on par****with rates of Government of India.****a. The General Provident Fund (Andhra Pradesh) Rules1935****b. The Electricity Department Provident Fund Rules.****c. Emergency Cut and Compulsory Saving Rules, 1949.****d. Government Distilleries Employees Provident Fund****e. Andhra Pradesh Government Life Insurance Fund.****f. Andhra Pradesh Employees Welfare Fund Rules. **

### **󠀁[GPF INTEREST RATES PROCEEDINGS CLICK HERE FOR DOWNLOAD](https://drive.google.com/file/d/1cQX9J2xVZw9oFvAo9kaQYIpCvu04SktJ/view?usp=sharing)󠁿**

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