The Haryana government would offer 8.8 per cent interest rate on deposits in General Provident Fund (GPF) for the financial year 2012-13.
The government has also fixed the rate of interest at 9.8 per cent on various loans and advances granted or sanctioned during the financial year 2012-13.
In case of misutilisation of any loan, penal interest at the rate of 10 per cent per annum will be charged from the employee over and above normal rate of interest, an official release said here today.
The prescribed rate of interest for the third advance shall be two per cent above the normal rate of interest on marriage, conveyance and computer advance.