GPF Information
- Eligibility to join the Fund
- GPF Subscription
- Advances
- Withdrawals
- Final Closure
- Annual Statement of Accounts
- Status of GPF Final Payment Settlement
- Forwarding of Application
- Ledger Card
- Adjustment of Missing Credits
- Applications
- Provident Fund Balance
- GPF Calculation
- Full Want / Part Want / Unposted Report
- Information for Subscriber/ DDO
- Status of C & AG Complaint Cases
- FAQ
METHOD OF CALCULATING GPF INTEREST.
(a) On any uniform sum beginning in any month and continuing till the end of the year:-
TABLE
Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Jan | Feb | Mar |
78 | 66 | 55 | 45 | 36 | 28 | 21 | 15 | 10 | 6 | 3 | 1 |
Multiply the rate of subscription with the figure shown below the month in which the
subscription is commenced and allow interest on that sum at the rate current for the year with
the aid of the interest table.
Example:- Rate of subscription is Rs. 20 payment commences in May
And is continued till the end of the year:-
Interest = 20 x 66 = Rs.1,320.
Principal Interest
Taking the rate at 4% for .. Rs.1320 Rs.4.40
Rounded off to the nearest Rupee Rs.4/-
(b) On any uniform sum beginning in April and discontinuing from any month during theyear:-
TABLE
Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Jan | Feb | Mar |
12 | 23 | 33 | 42 | 50 | 57 | 63 | 68 | 72 | 75 | 77 | 78 |
Multiplying the rate of subscription with the figure below the month in which the last
instalment is paid and allow interest on that sum at the rate current for the year with the aid of
the interest table
Example:- Rate of subscription Rs.20 last instalment paid in September.
Interest =20x57 = Rs.1140
Principal Interest
Taking the rate at 4% for .. Rs.1140 Rs. 3.80
Total Rs. 3.80
Rounded off to the nearest rupee.. Rs.4/-
(c) On a single sum deposited or withdrawn in any one month:-
Multiply the rate of subscription with the number of month remaining in the year including in
which the deposit or the withdrawals is made, and allow interest on that sum at the rate currentfor the year with the aid of the interest table.
Example:- Rate of subscription is Rs.20, deposited in October.
Interest = 20 x 6 = Rs.120
Principal Interest
Taking the rate at 4% ..Rs. 120 Rs. 0.40
Note:- Interest is rounded to the nearest Rupee in the case of Provident Funds.