State Railway Provident Fund-Rate of interest during the 1st Quarter of financial year 2023-24
The Ministry of Railways in India has announced the interest rate for the State Railway Provident Fund for the first quarter of the financial year 2023-24, which runs from 1st April to 30th June 2023. The Ministry of Finance, Department of Economic Affairs’ Resolution F.No. 5(3)-B(PD)/2023 has prescribed an interest rate of 7.1% on accumulations at the credit of subscribers to the fund during this period. The announcement has been made through a circular addressed to General Managers, Principal Financial Advisers, and other relevant officials of all Zonal Railways and Production Units, as well as DGs of RDSO and NAIR.
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. F(E)I/2003/PF-1/1
New Delhi, Dated: 20.04.2023.
The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
DGs of RDSO and NAIR.
Subject: State Railway Provident Fund-Rate of interest during the 1st Quarter of financial year 2023-24 (1st April, 2023 – 30th June, 2023).
A copy of Ministry of Finance, Department of Economic Affairs’ Resolution F.No. 5(3)-B(PD)/2023 dated 10th April, 2023 prescribing interest at the rate of 7.1%(Seven point one percent) w.e.f. 1st April, 2023 to 30th June, 2023 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed for information and necessary action.
(Sanjay Prashar),
Deputy Director, Finance (Estt.) III,
Railway Board