21 hrs ago
Finance Ministry Keeps GPF Interest Rate at 7.1%
The Finance Ministry announced the interest rate for some government employees’ provident fund savings.
The rate is 7.1% for the three months from October through December 2026.
It is the same rate that applied in the two earlier quarters of 2026.
The announcement was made in a resolution dated 5 October.
GPF is a savings fund for eligible government employees covered by the old pension scheme.
Employees contribute to their accounts, and interest is added to their savings.
The amount saved can also change with contributions and withdrawals.
This announcement does not set the rate for EPF.
The Finance Ministry set the GPF interest rate at 7.1% for October–December 2026.
The rate applies from 1 October through 31 December 2026.
The ministry issued its resolution on 5 October 2026.
The rate is unchanged from the April–June and July–September 2026 quarters.
The article says GPF is for eligible government employees under the old pension scheme; the rate does not apply to EPF.
- Who
- The Ministry of Finance announced the rate for subscribers to the General Provident Fund and other similar funds.
- What
- The interest rate was set at 7.1% for the October–December 2026 quarter.
- Where
- When
- The resolution was issued on 5 October 2026; the rate applies from 1 October to 31 December 2026.
- Why
- To specify the interest rate applicable to eligible provident fund balances for the quarter.
Key facts
- Interest rate
- 7.1%
- Applicable period
- 1 October–31 December 2026
- Resolution date
- 5 October 2026
- Previous quarters
- The same 7.1% rate applied in April–June and July–September 2026.
- GPF eligibility described
- Eligible government employees covered by the old pension scheme
- EPF distinction
- The announced GPF rate does not apply to EPF.
Quotes
Ministry of Finance
The government ministry that issued the resolution setting provident fund interest rates.
“It is announced for general information that during the year 2026-27, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1 October, 2026 to 31st December, 2026. This rate will be in force w.e.f. 1st October, 2026.”
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Sources
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