RATE OF MARK – UP ON STATE PROVIDENT FUND i.e. GENERAL PROVIDENT FUND FOR THE FISCAL YEAR 2020-2021
I am directed to refer to this department’s letter of even number dated August 21 , 2020 on the subject cited above and to state that it has been decided that a profit rate of 07.90 % per annum shall apply during the financial year 2020-2021 to the State Provident Fund i.e. General Provident Fund .
This rate , however , shall not apply in the case of subscribers who are entitled , under the rules of a particular fund , to a different rate of interest .