Government of the Punjab, Finance Department has issued the official Notification letter on 18th August, 2020 in connection with GP fund interest rates 2020-21 Pakistan.
Government of Pakistan, Finance Division has issued Notification on 18-08-2020 in connection with New GP Fund Interest Rates 2019-20 (Rates of Mark-Up) for the Federal Government Employees.
According to the letter the revised Rate of Mark-up on state Provident fund i.e. General Provident fund for the Fiscal year 2019-2020 are as under:
GP Fund Interest Rates 2020-21
“I am directed to convey that the rate of mark-up on State Provident i.e. general provident Fund (GP Fund) for the fiscal year 2019-2020 is as under:-
|S.No.||Fiscal Year||Rate of Mark-up|
It has been decided to fix the GP fund interest rates upto 12.00% profit rate per annum will apply during the financial year 2019-20 and 2020-21 to the state Provident Fund i.e. General Provident Fund.