Notification of GP Fund Mark-Up Rates 2022 Punjab has been issued on 17-08-2022 by the Government of the Punjab, Finance Department. Further detail of said notification in same is as under;
Notification of GP Fund Mark-Up Rates 2022 Punjab
I am directed to refer to this department’s letter of even number dated August 17, 2021, on the subject cited above and to state that it has been decided that a profit rate of 12.50% per annum shall apply during the financial year 2021-2022 to the state Provident fund i.e. General Provident Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest.
Previous Three Years Rates of Interest on General Provident Fund
The Previous Three Years Rates of Interest on the General Provident Fund (GP Fund) for the Punjab Government is as under:
New GP Fund Interest Rates 2021-22 Punjab: 12.40%