The five-minute song--'Hum hain desh ke rakshak'-- will be unveiled by President Pranab Mukherjee on February 28.
During the event, Mukherjee will also honour the gallantry award winners of the force which is the mainstay for anti-Naxal operations in the country.
The idea to create an anthem for the force was mooted by Central Reserve Police Force (CRPF) Director General Dilip Trivedi after which Akhtar was approached, a senior official said.
5-minute song--'Hum hain desh ke rakshak'-- will be unveiled by Prez on Feb 28.
"While there is already a CRPF song in existence, the need to create a new anthem was felt keeping the new tasks of the force in anti-Maoist operations and additional tasks in internal security domain of the country.
"The song will be sung at all official events after it is ceremonially released later this month," the official said.
Akhtar wrote a song for another central paramilitary force, CISF last year.
The latest CRPF song has been composed by Raju Singh and its vocal is by Javed Ali.
The paramilitary, with 3 lakh personnel in its ranks, was raised in 1939 and its name was changed from Crown Representatives Police (CRP) to the present CRPF with an all- India charter to deal with law and order problems.
Home Minister Sushilkumar Shinde and other officials of the Home Ministry would also be present at the event.