Provident Fund 2021: Special Deposit Scheme interest rate for Non-Government PF, Gratuity Funds notified
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.
(To be updated)