The Ministry of Railways has issued a notice to all zonal railways, production units, and DGs of RDSO and NAIR regarding the interest rate for the State Railway Provident Fund during the 4th quarter of the financial year 2022-23. The notice references a resolution from the Ministry of Finance, Department of Economic Affairs, which states that the interest rate will be 7.1% for the period of January 1, 2023 to March 31, 2023. The notice directs all parties to take necessary action based on this information.
State Railway Provident Fund-Rate of interest during the 4th Quarter of financial year 2022-23 (1st January, 2023 – 31st March, 2023)
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
New Delhi, Dated: 19.01.2023.
The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
DGs of RDSO and NAIR.
Subject: State Railway Provident Fund-Rate of interest during the 4th Quarter of financial year 2022-23 (1st January, 2023 – 31st March, 2023).
A copy of Ministry of Finance, Department of Economic Affairs’ Resolution F.No. 5(4)-B(PD)/2021 dated 3rd January, 2023 prescribing interest at the rate of 7.1%(Seven point one percent) w.ef. 1st January, 2023 to 31st March, 2023 on accumulations at the credit of the subscribers to State Railway Provident Fund, is enclosed for information and necessary action.
Deputy Director, Finance (Estt.) III,