Good news.. No cut in PF rates

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New Delhi, Oct 25: The interest rate on General Provident Fund (GPF) and other related schemes for the October-December quarter has been retained at 7.8 per cent, the government announced on Wednesday. "The government has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8 per cent with effect from October 1 to December 31, 2017," a Union Finance Ministry statement here said.  For the previous July-September quarter too, the interest rate on such schemes was at 7.8 per cent. In September, the government had also retained the interest rate for October-December on the Public Provident Fund scheme unchanged at 7.8 per cent, in line with the rates for small savings schemes.

IANS