Last Updated on August 22, 2019 by Galaxy World

You already know that GP Fund subscription is made from the regular pay of an employee. This amount of GP Fund is deducted on monthly basis and is noted this amount in the GP Fund Card that is in the custody of concerned Accounts Department of the employee. The record of this amount is maintained from July to June of the next year. Thus the **calculation of interest** is made on the annual basis by the concerned Account Office. After the final calculation a GP Fund slip is issued to the related employee. You can yourself calculate this amount of interest by using this formula.

## GP Fund Interest Amount Formula

GP Fund Interest =

(Rate of Subscription x 6.50 + Opening Balance) x Rate of Interest

#### Rate of GP Fund Subscription

It is the amount that is deducted from the pay bills of the employee on monthly basis

Don’t Miss: GP Fund Subscription Rates Since 1986

#### Opening Balance

It is the amount that is brought forward from the previous year or the last GP Fund slip.

### Rate of GP Fund Interest

Rate of interest varies from year to year. Every year new rates of the *GP Fund* Interest are issued by the concerned department.

Don’t Forget: GP Fund Interest Rates Since 1963

Kindly guide me how to take interest on GP fund. I just noticed it on my salary slip today .. on my salary slip interest applied was written NO. guide me how to make it YES

When we apply for GP Fund deduction (Account Number) it is mentioned in the application form that the GP Fund will be on interest or without interest.

Respected Sir,

I am a DDO and deal with Old G.P.Fund cases in my office of different scale Scale. So i need the of subscription of different categories of servant. it is therefore requested to provide scale wise G.P. Fund Subscription rates and oblige.

Sir please send me calculation formula for gpf interest when interest rate is twice a year

Dear plz calculate GP fund (fund after retirment) for me …….date of birth 19-03-1957

date of appointment :27-10-1992 ,,,,date of retirment : 18-03-2017………service 25 years ….BPS-20

What is the procedure to get House Building Advance Loan for BPS 17/18?

please tell me about 6.5 appear in the formula. I want to calculate of GP fund interest for 5 months but useing the formula difference is occured.

12 +11+10+9+8+7+6+5+4+3+2+1 = 78/12=6.5

Please explain 6.50 used in above formula because less than one year subscription of GP FUND does not calculate true to use 6.50 in the formula. How to derive this?

Please calculate period of amount remaining in your G.P.F account month wise and devide by 12. Then get total of these amounts. For example , Monthly subscription of BPS- 20 is Rs. 8050/-. If deduction is made from 01-7-2017 to 30-6-2018, total amount liable for profit is : 8050 x 6.5 = Rs. 52325/- .If deduction is made for less than 01 year i.e. from 01-10-2017 to 30-6-2018 , calculation will be as under :

8050 x ( 9+8+7+6+5+4+3+2+1 ) /12

8050 x ( 45 / 12 ) = 8050 x 3.75 = 30187.5 So total amount liable for profit is Rs. 30187.5 and formula for these 9 months is 3.75 while for 12 months is 6.5 .

hi dear Samiullah Sir.

i need to check my GPF Balance, bcz the GPF slip 2015 is misplace from me with thanks or show me the way to get my GPF slip through net… Regards Sirajuddin.

with thanks

What is formula for GPF intrest when rates of subscription changed two time in a a year.

what is the history behind the figure 70 in Pension formula?

sir, please listen my problem and reply me soon.

what is the significance of 6.50 in G.P Fund interest formula? plz reply

Dear Sami Ullah I m not aware the history of 70 as well as 6.50. Thanks

ok thank you sir, would you please send me detail of documents which is submitted to head office / concern office for initiation of the pension case of an employee of BPS-9?

Dear sami Ullah, there is a huge list of Pension documents. you can see the same in the Pension Documents post of this site.

Assalam o alaikum

Madam .

I am waiting my 16 March, 2013 querry regarding calculation of interest of GP Fund in case of two different G P Fund deduction i.e. July to December Rs. 265 and from January to June Rs. 540. How to calculate interest of G P Fund in two different amount. As the formula for calculating G P Fund Interest given in this website is not given correct answer. Kindly tell the correct calculation in case above situation.

Thanks

Arif Khan

Dear Arif Khan soon I ll share you the required formula. Thanks

Dear Arif Khan soon I ll share you the required formula. Thanks

Sindh Govt. Employees

claas III clerk k time scale kab aaengey?

Dear Raheel, it is not still confirm. As soon as I receive the updates, I ll publish the same.

How to calculate if the amount of subscription changed in a year for example a person contributed to G P Fund amount during July to December Rs. 265 and from January to June Rs.540. How to calculate G P Fund interest if opening balance is 1oooo, rate of interest is 15%.

Thanks

Assalam o alaikum

Madam .

I am waiting my 10 November (GP Fund) Q kya mujhi mere sawal ka jawab 31 Dec tak mil jai ga

dear email me again all detail.

dear

Interest calculation formumla of GPF is not crrect.Isupport it with example. O.B Rs50000 Subscription 1760 Rate of interest 15.

1760*6.5*50000*14/500. In my opnion The correct formula is

(Rate of subscription *6.5 +Opening Balance*Rate of interest.Calculation by both formula are given below.

1760*6.5 *50000*14/500=160160

(1760*6.5+50000)*14/100=8601.60

Thanks dear for pointing this mistake.

Dear kindly clarify which formula is correct:

(a) Your formula: 1760*6.5 *50000*14/500=160160

(b) Mohammed Saleem’s Formula who corrected you by this formula and you thank him. If Mr. Saleem’s formula is correct than please update it on your site too.

(1760*6.5+50000)*14/100=8601.60

Dear Fayyaz Ahmad the formula corrected by Muhammad Saleem is Ok.

Wher is my commenst pls reply

I ll check the full details. Please be patient for 5 days maximum.

ssalam o alaikum

Madam .

I am waiting my 10 November (GP Fund) Q

Plz dear w8 more. I m just busy with some task

Assalam o alaikum

sir.

I don,t understand how the formula of GP Fund interest rate. Can you explain it? My opening balance of GP Fund on 30.06.2011 was 158,921/- . I am working in BPS 07 and monthly GP Fung deduction is 530 since July 2011. In my deposit on account of gp fund this year Total Rs. 21,804/- including my gp fund advance indtalment Rs. 1322/-PM. reply with example Thanks

please reply must i m waiting thanks

on one hand whole multiplied amount is divided with 500 in the above mentioned red colour formula and on other hand Shamim`s calculation is divided with 50000,From where this sum is derived from?

Who is Shamim? This is the exact formula the amount is always divided with 500. Total amount x total instalmments/500

This formula can not be gained please explain it with a comprehensive example. Thanks

Dear Sir,

Kindly send me total gp fund amount with calculation year wise with effect from 2008 – 2009 as I m failed to calculate as per given formula. I m working in BPS – 18. I have sent my last gp fund amount balance for the year 2007 – 2008 Rs.198,481.

I m very grateful for act of this kindness.

Early reply is highly appreciated.

Dear If you have balance of GP Fund Rs. 198481/- on 30-06-2008 then your balance on 30-06-2009 will be as under:

Total Interest= 1780 x 6.50 x 198481 x 15/50000 = 45928

Total balance on 30-06-2009 = 244409/-

Assalam o alaikum sir. I don,t understand how the formula of GP Fund interest works. Can you explain it? My total balance of GP Fund on 30.06.2011 was 29514 rupee. I am working in BPS 09 and monthly GP Fung deduction is 595 since August 2011. In July 2011 it was 365. Thanks

If a new one is hired and he has join on 15.1.2005 in B.P.S -05, what would be the opening balance for him according to your formula. please send me a detail E-mail, Thanks [email protected], [email protected], [email protected]

For a new comer there is nil balance of GP Fund. If he has come from other department then the opening balance will be his/her previous department GP Fund Balance