GPF News

The Ministry of Finance has maintained that General Provident Fund and other similar funds shall carry interest at the rate of 7.1 percent w.e.f. 1st July, 2025 to 30th September, 2025. This rate will be in force w.e.f. 1 July, 2025.

The updated instructions emphasize the need for prompt action at every step, from preparing retirement lists to issuing the Pension Payment Order (PPO).

Interest rates on GPF are revised periodically according to the government’s issued notifications. 

The Senior Citizen Savings Scheme (SCSS) will maintain its interest rate at 8.2 per cent while the National Savings Certificate (NSC) will continue at 7.7 per cent.

The interest rates on GPF comes a couple of days after the government announced interest rates on small savings scheme.

General Provident Fund are meant for all government servants and comes under Department Of Pension & Pensioners' Welfare.

The rate is in line with that for Public Provident Fund.

Jaitley will also inaugurate 'e-PPO' module of PFMS for complete end-to-end electronic processing of pension cases.

In a major relief for government employees, Ministry of Personnel, Public Grievances and Pensions has announced several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber/ employee. 

In good news for about 50 lakh central government employees, the norms for withdrawal of General Provident Fund (GPF) have been relaxed which will enable them to receive payments within 15 days.