GPF interest rate for October-December 2026 quarter: Has Finance Ministry changed GPF rate from 7.1%?

The Ministry of Finance has officially announced the interest rate of the General Provident Fund (GPF) for the October – December 2026 quarter. The rate will apply to the 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 October–December 2026 quarter?

As per the Ministry of Finance statement, the General Provident Fund and other similar funds will carry interest at the rate of 7.1% effective from October 1 to December 31, 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. October 1, 2026 to December 31, 2026.” Other funds for which the Finance Ministry has retained the interest rate of 7.1% for the October-December 2026 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 the General Provident Fund?

The GPF is applicable only to state and central government employees who are Old Pension Scheme (OPS) subscribers. Government employees who are National Pension System (NPS) subscribers don’t have the GPF facility.

Eligible government employees contribute a portion of their wages to the General Provident Fund.

As a result, when an employee retires, they receive the entire money accrued over their service tenure. The Finance Ministry reviews the GPF interest rate every quarter.

PPF interest rate

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