GPF interest rate for government employees: Has Finance Ministry changed GPF rate from 7.1% for July-September 2026 quarter?

The Ministry of Finance has officially announced the interest rate of General Provident Fund (GPF) for the July-September 2026 quarter. The rate will apply to GPF, Contributory Provident Fund (CPF), All India Services Provident Fund, and other similar funds maintained by government institutions, the Department of Economic Affairs (Budget Division), Ministry of Finance, has said in a statement.

What is the GPF interest rate for the July-September 2026 quarter?

As per the Ministry of Finance statement, General Provident Fund and other similar funds will carry interest at the rate of 7.1% effective from July 1-September 30, 2026.

The Finance Ministry’s statement read: “It is announced for general information that during the year 2026-27, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. July 1, 2026, to September 30, 2026. This rate will be in force w.e.f. July 1, 2026.”


It means the central government has kept the interest rate of GPF and linked funds constant at 7.1% for this quarter.
The funds that will provide a 7.1% interest rate for the July-September quarter are:
1. General Provident Fund (Central Services)
2. Contributory Provident Fund (lndia)
3. All India Services Provident Fund
4. State Railway Provident Fund
5. General Provident Fund (Defence Services)
6. Indian Ordnance Department Provident Fund
7. Indian Ordnance Factories Workmen's Provident Fund
8. Indian Naval Dockyard Workmen's Provident Fund
9. Defence Services Officers Provident Fund
10. Armed Forces Personnel Provident Fund

What is General Provident Fund?

General Provident Fund is the provident fund offered only to government employees. Everyone in the government is eligible to contribute a portion of their wages to General Provident Fund. As a result, when an employee retires, they receive the entire money accrued over their service tenure. The Finance Minister reviews the GPF interest rate every quarter.

PPF interest rate

The Finance Ministry has also retained the interest rate of Public Provident Fund (PPF) for the July-September 2026 quarter at 7.1%.

Small Savings Scheme interest rate

The government has also kept small savings schemes interest rates unchanged for the July-September 2026 quarter. Small savings schemes cover plans such as the PPF, Sukanya Samriddhi Account, Senior Citizen Savings Scheme and National Savings Certificate.

EPF interest rates

Employees’ Provident Fund is a retirement fund for organised sector employees. The EPF interest rate is 8.25%.
The EPF interest rate was last revised in FY 2023-24.