Government of the Punjab, Finance Department issued letter regarding Rate of Markup on State Provident Fund i.e. General Provident Fund for the Fiscal Year 2018-19.
- I am directed to refer to this department's letter of even number dated August 07, 2018 on the subject cited above and to state that it has been decided that 14.35% profit rate per annum will apply during the financial year 2018-2019 to the State Provident Fund i.e. General Provident Fund. This rate, however, would not apply in the case of subscribers who are entitled, under the rules of a particular fund, to different rate of interest.