GP Fund Interest / Mark-Up Rate 2024-25
- For the fiscal year 2024-25, the rate of mark-up on the State Provident Fund (GP Fund) has been fixed at 12.46 per cent per annum.
- This rate applies to all eligible subscribers under GP Fund / similar provident fund schemes.
- For comparison: in fiscal year 2023-24, the rate was set at 13.97 % per annum.
GP Fund Deduction Rates (Subscription)
The GP Fund subscription (i.e. the monthly deduction from salary) continues to apply across all Basic Pay Scales (BPS 1–22). The exact deduction amount depends on your basic pay scale and salary grade.
If there were any revisions to subscription rates after July 2023 due to budget changes or consolidation of ad-hoc payments into basic pay, these will be notified by the relevant Finance Department/Accountant General offices. As of now, no new uniform deduction chart for 2025 has been publicly released beyond existing scale-based deductions.
Employees are advised to refer to the official notification / departmental circular for their exact GP deduction amount.
What Changed What Remains
What changed
- The profit/mark-up rate on GP Fund deposits was lowered from 13.97 % (2023-24) to 12.46 % (2024-25).
- The reduction reflects broader fiscal constraints and shifts in the government’s financial policy.
What remains
- GP Fund subscription/deduction continues for all regular government employees across BPS 1–22.
- The fund remains active, with contributions, accumulation, interest credit, and final payout (upon retirement / leaving service / death) follow the existing rules under GP Fund / State Provident Fund regulations.
What Government Employees Should Know
If you are a government employee (federal or provincial) or pensioner:
- Expect a lower annual return on your GP Fund balance for FY 2024-25 (12.46 % instead of ~14 %).
- Keep track of your monthly deduction slips so you know how much GP Fund is being contributed from your salary.
- For retirement or withdrawal claims, ensure your GP Fund ledger / credit history is intact the relevant state Accountant General office processes final payments, advances or refunds.
GP Fund Deduction & Profit Chart 2024-25 (BPS 1–22)
Mark-up Rate 2024-25: 12.46% per annum
Mark-up Rate: 12.46%
| BPS | Monthly GP Deduction (Rs.) | Yearly Contribution (Rs.) | Estimated Yearly Profit @12.46% (Rs.) |
|---|---|---|---|
| 1 | 600 | 7,200 | 900 |
| 2 | 710 | 8,520 | 1,060 |
| 3 | 810 | 9,720 | 1,210 |
| 4 | 880 | 10,560 | 1,315 |
| 5 | 950 | 11,400 | 1,420 |
| 6 | 1,050 | 12,600 | 1,570 |
| 7 | 1,150 | 13,800 | 1,720 |
| 8 | 1,250 | 15,000 | 1,870 |
| 9 | 1,350 | 16,200 | 2,020 |
| 10 | 1,480 | 17,760 | 2,210 |
| 11 | 1,920 | 23,040 | 2,870 |
| 12 | 2,250 | 27,000 | 3,360 |
| 13 | 2,600 | 31,200 | 3,880 |
| 14 | 3,000 | 36,000 | 4,480 |
| 15 | 3,500 | 42,000 | 5,235 |
| 16 | 4,800 | 57,600 | 7,180 |
| 17 | 7,000 | 84,000 | 10,460 |
| 18 | 8,500 | 102,000 | 12,700 |
| 19 | 10,500 | 126,000 | 15,700 |
| 20 | 12,500 | 150,000 | 18,690 |
| 21 | 14,500 | 174,000 | 21,690 |
| 22 | 16,500 | 198,000 | 24,670 |
How this chart works
Monthly deduction amounts reflect the current general subscription system based on basic pay scales.
Annual profit is calculated using the fixed GP Fund profit rate 12.46%.
Figures are approximate because basic pay varies slightly depending on increments, personal pay, and service length.
The updated GP Fund Chart for 2024–25 gives government employees a straightforward view of how much they contribute each month and how much annual profit they can expect under the new 12.46% rate. While the mark-up is slightly lower than last year, the GP Fund remains one of the safest and most reliable savings options for public-sector workers. Regular contributions, combined with steady yearly profit, help employees build a strong financial cushion for retirement or emergency needs. If you’re unsure about your deduction, subscription category, or profit calculation, your AG Office or Finance Department can guide you.
Aziz Ur Rehman, an experienced author with 5+ years of expertise on biseonline.pk, delivers authoritative, trustworthy insights on education, exams, and academic guidance.