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Economy

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.
Government cuts interest rate on GPF and similar funds to 7.1% for April-June quarter of FY21

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