General Provident Fund interest rate hiked to 8% for Oct-Dec
The government on Tuesday hiked the interest rate for General Provident Fund (GPF) and other related schemes by 40 bps to 8% for the October-December quarter. The new interest rate would apply on provident funds of employees of central government, Railways and defence forces. Last month, the government raised interest rate on Public Provident Fund (PPF) to 8%.