Govt retains interest rate for GPF at 8.7% for current fiscal

The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 8.7 per cent for the current fiscal. 

The 8.7 per cent interest will apply on Provident Funds of central government employees, railways and defence forces, according to the notification issued by the Finance Ministry. The rate of interest will be effective from April 1, 2015, it added.