The rate of interest on deposits of government officials and employees in the General Provident Fund (GPF) and Provident Fund (CPF) has been fixed at 11 to 13 percent, the same as in the previous fiscal year. The Finance Department of the Ministry of Finance issued a notification on Wednesday, fixing this rate for the current fiscal year 2024-25.

The notification states that if you deposit up to 15 lakh taka, you will get 13 percent profit. If you deposit from 15 lakh taka to 30 lakh taka, you will get 12 percent profit and if you deposit more than 30 lakh taka, you will get 11 percent profit.

The notification states that since the financial situation of all CPF-affiliated organizations, such as autonomous organizations and corporations, is not the same, each organization, in light of its own financial regulations, will be able to determine the profit rate according to the financial capacity of the organization, keeping the GPF slab-based profit rate for its employees as high as possible.