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Provident Fund 2021: Special Deposit Scheme interest rate for Non-Government PF, Gratuity Funds notified

provident fund interest rateprovident fund interest rateSpecial deposit scheme interest rate has been notified by the Centre.

The Central Government has kept the interest rate on Special Deposit Scheme for Non-Government Provident Superannuation, Gratuity Funds unchanged. In a Gazette notification dated 6th January 2021, the Department of Economic Affairs, Ministry of Finance, announced 7.1 per cent interest rate on these funds from 01-01-2021. The interest rate will be in effect till 31-03-2021.

“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 January, 2021 to 31st March, 2021 bear interest at 7.1% (seven point one percent). This rate will be in force w.e.f. 1st January, 2021,” the notification said.

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