Rate of Interest on Public Provident Fund Account, Notification Issued On 25-4-2012

admin I.T Notifications 2012

In pursuance of Section 5 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of April, 2012 and the balances at the credit of the subscriber shall bear interest at the rate of 8.8 per cent per annum

 

Reference: Section 5 of the Public Provident Fund Act, 1968

Interest

All subscriptions made under section 4 shall bear interest at such rate as may be notified by the Central Government in the Official Gazette, from time to time, and the interest shall be calculated in such manner as may be specified in the Scheme.

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