Do check the updated GPF Interest rates applicable for Jammu Kashmir working employee indicated each financial year on every change when announced by the Government…
The Interest rates for the Jammu Kashmir State Government employees are managed under the rules of the Ministry of Finance, Government of India, and as per the latest updates from the Department of Economic Affairs, Ministry of Finance the interest rate for the GPF accounts has been revised.
This is a variable interest rate for the same periodic year, and the interest rate which has been fixed by the Central Government of India will be applicable to every GPF account held working in different departments under various State Governments.
It is clearly seen that the Jammu Kashmir Interest Rate for the years has been changing drastically and it was more than 10% for a few years in the past, where the balances after adding of interest can be seen in JK employee payslip, Let’s have a look at the table of Interest rates indicated for each financial year from the year 2000,
Jammu Kashmir GPF Interest Rates Table
|Period of the Year||GPF Interest Rate|
|01.04.2020 to 30.09.2020||7.1%|
|01.04.2019 to 31.03.2020||7.9%|
|01.10.2016 to 31.03.2017||8.00%|
|01.04.2016 to 30.09.2016||8.10%|
|01.04.2013 to 31.03.2016||8.70%|
|01.04.2012 to 31.03.2013||8.80%|
|01.12.2011 to 31.03.2012||8.60%|
|01.04.2003 to 30.11.2011||8%|
|01.04.2002 to 31.03.2003||9%|
|01.04.2001 to 31.03.2002||9.50%|
|01.04.2000 to 31.03.2001||11%|
|01.04.1986 to 31.03.2000||12%|
The amount accumulated from the accounts of the Jammu Kashmir Employees will be calculated with these interest rates and then the sum will be added with that amount every month of the employee GPF account.