Govt notifies 7.1% interest rate on Deposit made under non-government PF, superannuation and gratuity w.e.f. 1st October, 2020.
MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the 27th October, 2020
F.No. 5(2)-B(PD)/2020.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect from 1st October, 2020 to 31st December, 2020 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st October, 2020.
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