General Provident Fund rate for April-June 2026 announced. Check the interest on offer now

The Centre has announced the interest rate on the Government Provident Fund (GPF) and other similar funds for the April-June quarter of the new financial year 2026-27. The interest rate for the GPF and other similar funds has been left unchanged for the current quarter.

A notification by the Department of Economic Affairs’ Budget Division said, “It is announced for general information that during the year 2026-27, accumulation at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% w.e f. 1, April, 2026 to 30th June, 2026.”

This rate will be in force with effect from 1 April, 2026, added the notification.

Besides the GPF, there are 9 other funds, including, the Contributory Provident Fund, the All India Services Provident Fund, the State Railway Provident Fund, the General Provident Fund (Defence Services), the Indian Ordnance Department Provident Fund, the Indian Ordnance Factories Workmen’s Provident Fund, the Indian Naval Dockyard Workmen’s Provident Fund, the Defence Services Officers Provident Fund and the Armed Forces Personnel Provident Fund.

As a general practice, the finance ministry, after every quarter, reviews and announces new interest rates for small savings schemes, including the General Provident Fund and other similar funds.

Similar to the employee provident fund (EPF) for private sector employees, GPF has been created as a compulsory savings instrument for both the central and state government employees (permanent) in India. The instrument typically aids their financial well-being after retirement.

The website of the Comptroller and Auditor General of India says, “General Provident Fund is a compulsory savings scheme introduced by the Government for the benefit of its employees and their Family members, which comes to their rescue in their financial crisis during the service and also at the end of the service.”