GPF and CPF Profit Rate 2024-25: 12.46% Per Annum
The Finance Division fixed the General Provident Fund and Contributory Provident Fund profit rate for FY 2024-25 at 12.46% per annum, with corresponding State Provident Fund mark-up notification.
Overview
The Finance Division fixed the General Provident Fund and Contributory Provident Fund profit rate for FY 2024-25 at 12.46% per annum, with corresponding State Provident Fund mark-up notification.
Key Highlights
- Financial year: 2024-25 (1 July 2024 to 30 June 2025).
- GPF and CPF rate of profit: 12.46% per annum.
- State Provident Fund/GPF mark-up communication: 10 September 2025.
- The preceding FY 2023-24 rate was 13.97% per annum.
- Separate instructions for Railway and Defence provident funds were to be issued by the respective Ministries.
Detailed Explanation
The GPF Profit Rate 2024-25 was fixed at 12.46% per annum for deposits and balances in the General Provident Fund (GPF) and Contributory Provident Fund (CPF), under the Finance Division resolution dated 10 September 2025. A separate Budget Wing communication dated the same day addressed the State Provident Fund mark-up rate.
GPF Profit Rate 2024-25: Key Details
- Financial year: 2024-25 (1 July 2024 to 30 June 2025).
- GPF and CPF rate of profit: 12.46% per annum.
- State Provident Fund/GPF mark-up communication: 10 September 2025.
- The preceding FY 2023-24 rate was 13.97% per annum.
- Separate instructions for Railway and Defence provident funds were to be issued by the respective Ministries.
Which Provident Funds Are Covered?
The cited notification identifies the State Provident Fund (General Provident Fund). Where the separate Finance Division Resolution is cited, it expressly names the General Provident Fund and Contributory Provident Fund. The source documents state that any separate rate instructions for Ministry of Railways and Ministry of Defence funds would be issued by those Ministries.
Frequently Asked Questions
What was the GPF profit rate for 2024-25?
12.46% per annum.
Does the resolution also cover CPF?
Yes. The resolution specifically names the General Provident Fund and Contributory Provident Fund.
Does the rate apply to Railway and Defence provident funds?
The resolution says separate instructions for funds under the control of the Ministries of Railways and Defence would be issued by those Ministries.
When was the rate notified?
10 September 2025.
Related EmployeesDesk Resources
GPF Profit Rate 2025-26 and State Provident Fund mark-up for FY 2025-26
Official Finance Division Notifications
The 12.46% rate is the notified annual rate for FY 2024-25. It should not be confused with the separately notified rate for FY 2025-26.