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Posts Tagged ‘1963’

General Provident Fund GP Fund Interest Rates 1963 to 2015

General Provident Fund GP Fund  Interest Rates 1963 to 2015

General Provident Fund GP Fund  Interest Rates 1963 to 2015

Year Rate of Interest Year Rate of Interest
1963-64 04.00 1989-90 15.93
1964-65 05.00 1990-91 15.93
1965-66 05.25 1991-92 15.93
1966-67 06.00 1992-93 15.93
1967-68 06.00 1993-94 15.54
1968-69 06.25 1994-95 15.44
1969-70 06.25 1995-96 15.49
1970-71 06.25 1996-97 16.76
1971-72 06.50 1997-98 17.51
1972-73 07.25 1998-99 17.35
1973-74 08.25 1999-00 16.11
1974-75 10.25 2000-01 15.00
1975-76 10.50 2001-02 15.00
1976-77 10.75 2002-03 14.50
1977-78 11.75 2003-04 13.50
1978-79 12.00 2004-05 12.00
1979-80 12.50 2005-06 10.50
1980-81 13.00 2006-07 11.00
1981-82 13.00 2007-08 12.50
1982-83 13.20 2008-09 15.00
1983-84 14.00 2009-10 14.00
1984-85 14.60 2010-11 14.20
1985-86 14.72 2011-12 13.70
1986-87 14.66 2012-13  12.00
1987-88 14.00 2013-14  13.50
1988-89 14.84  2014-15  11.75

these rates are also applicable to GP Fund Balances however for calculation of interest on GP Fund accounts a bonus @ 30 % of interest will be added for the years from 1986-1987 to 1999-2000.

In the above chart, bonus @ 30% of interest for the years from 1986-87 to   1999-2000 has been added in the interest rates as shown by the calculations below.

Interest rate + bonus @ 30% of interest = Interest rate * 1.30 = Net Interest rate
Year Interest Rate Year Interest Rate
1986-87 14.66 * 1.30 = 19.06 1993-94 15.54 * 1.30 = 20.20
1987-88 14.00 * 1.30 = 18.20 1994-95 15.44 * 1.30 = 20.07
1988-89 14.84 * 1.30 = 19.29 1995-96 15.49 * 1.30 = 20.13
1989-90 15.93 * 1.30 = 20.71 1996-97 16.76 * 1.30 = 21.79
1990-91 15.93 * 1.30 = 20.71 1997-98 17.51 * 1.30 = 22.76
1991-92 15.93 * 1.30 = 20.71 1998-99 17.35 * 1.30 = 22.55
1992-93 15.93 * 1.30 = 20.71 1999-2K 16.11 * 1.30 = 20.94
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