A notification has been issued on 17-08-2021 in connection with the GP Fund Interest Rates 2020-2021 Punjab by The government of the Punjab, Finance Department. The further detail of said notification in same as under;
GP Fund Interest Rates 2020-2021 Punjab
I am directed to refer to this department’s letter of en number dated august 21, 2021 on the subject cited above and to state that it has been decided that a profit rate of 07.90% per annum shall apply during the financial year 2020-2021 to the State Provident Fund i.e. General Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest.
The Punjab Government also announced the same rates as the Federal Government announced for the year 2020-21. The employees will get the mark-up on their General Provident Fund @ 7.9% for the year 2020-21. This duration starts from 1st July 2020 to 30th June 2021. Amount the Employees deducted from GP fund later than 30th June 2021 will be calculated next year.