General Provident Fund (GP Fund) Mark Up Rates (Interest Rates) 2023-24
Government of Pakistan, Finance Division (Budget Wing) has issued the Notification of General Providnet Fund Mark-Up Rates (Interest Rates) for the financial year 2023-24 for Federal Govt employees. The Government has decreased the rate of interest on GP Fund for the fiscal year 2023-24 as compare to previous year. In the previous year 2022-23, the interest rate was 4.22%.
Subject:- Rate of Mark-up on State Provident Fund i.e. General Provident Fund For the Fiscal Year 2023-2024
I am directed to convey that the rate of mark-up on State Provident Fund i.e. General Provident Fund (GP Fund) for the fiscal year 2023-2024 is as under:
| Fiscal Year | Rate of mark-up |
| 2021-2022 | 12.40% |
| 2022-2023 | 14.22% |
| 2023-2024 | 13.97% |