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NotificationsPension & GPF

Punjab Govt GPFund Markup Rate 2019-2020.

Punjab Govt GPFund Markup Rate 2019-2020.

I am directed to refer to this department’s letter of even number dated July 31, 2019 on the subject cited above and to state that it has been decided that 12.00 % profit rate per annum will apply during the financial year 2019-2020 to the State Provident Fund i.e. General Provident Fund. This rate, however, would not apply in the case of subscribers who are entitled, under the rules of a particular fund, to different rate of interest.

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