State Railway Provident Fund-Rate of interest during the 4th Quarter of financial year 2023-24 (1st January, 2024 – 31st March, 2024)
The communication pertains to the State Railway Provident Fund and announces the interest rate for the 4th Quarter of the financial year 2023-24 (1st January 2024 to 31st March 2024). According to the resolution from the Ministry of Finance, Department of Economic Affairs (Resolution F.No. 5(3)-B(PD)/2023 dated 02nd January 2024), the interest rate is set at 7.1% (Seven point one percent) for this period.
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. F(E)II/2003/PF-1/1
New Delhi, Dated: 25.01.2024
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 4th Quarter of financial year 2023-24 (1st January, 2024 – 31st March, 2024).
A copy of Ministry of Finance, Department of Economic Affairs’ Resolution F.No. 5(3)-B(PD)/2023 dated 02nd January, 2024 prescribing interest at the rate of 7.1%(Seven point one percent) w.e.f. 1st January, 2024 to 31st March, 2024 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed for information and necessary action.
(Sanjay Prashar),
Jt. Director Finance (Estt.) Il,
Railway Board.
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