Govt raises interest rate on GPF to 8.8 pc for 2012-13

“It is announced … that during the year 2012-13, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.8 per cent per annum,” the finance ministry said.
Accordingly, a Gazette Notification No.F.NO. 5(1)-B(PD)/2012 dated May 22, 2012 has been issued by the Ministry of Finance