Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.81)

81. 

Union government retained the interest rate for General Provident Fund (GPF) at ___________ % for the first quarter of the current financial year 2019-2020.

[A]. 9%
[B]. 5%
[C]. 8%
[D]. 12%

Answer: Option C

Explanation:

Union government retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8% for the first quarter of the current financial year 2019-2020. The interest rate on these funds was at 8% in the January-March quarter of 2018-19 and government kept it unchanged for April to June for 2019-20. The Department of Economic Affairs, in a notification, the mentioned interest rate will be applicable on provident funds of central government employees, railways and defence forces.

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