Rate of Mark-Up on State of Provident Fund dt 01.09.2024
OFFICE MEMORANDUM
Subject: Rate of Mark-Up on State of Provident Fund
I am directed to refer to this department’s letter of even number dated July 11, 2023 on the subject cited above and to state that it has been decided that a profit rate of 13.97% per annum shall apply during the financial year 2023-2024 to the State Provident Fund i.e. General Provident Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest.
