Government of the Punjab, Finance Department issued a Notification on 17-08-2022 in connection with GP Fund Mark-Up Rates 2022 Punjab. The Punjab Government issued the same GP Fund Interest Rates 2021-22 as the Federal Government did for the employees.

GP Fund Mark-Up Rates 2022 Punjab

I am directed to refer to this department’s letter of even number dated August 17, 2021, on the subject cited above and to state that it has been decided that a profit rate of 12.50% per annum shall apply during the financial year 2021-2022 to the state Provident fund i.e. General Provident 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.

New GP Fund Interest Rates 2021-22 Punjab: 12.40%

Previous Three Years Rates of Interest on General Provident Fund

The Previous Three Years Rates of Interest on the General Provident Fund (GP Fund) for the Punjab Government is as under:

The new GP Fund Interest rates 2021-22 Punjab are much higher than the previous year 2020-21. In 2020-21, the rates were very less i.e only 7.90%. That Notification much depressed the employees who are getting markup on their GP Fund balance.

Special Thanks: Mr. Zahid Khan