Government cuts interest rate on GPF and similar funds to 7.1% for April-June quarter of FY21
Updated : April 11, 2020 10:39 PM IST
A finance ministry notification said the new rate will be effective from April 1 till June 30 of FY21.
In the previous Jan-March quarter the GPF rate was 7.9 percent.
Government officials say this is line with the cut in the Public Provident Fund or PPF rates under small savings.