GPF AND OTHER SIMILAR FUNDS AS 7.6%(SEVEN POINT SIX PERCENT)
PER ANNUM WITH EFFECT FROM 01.01.2018 TO31.3.2018 FOR THE YEAR 2017-18 – ORDERS
Provident Fund-Interest rates on General Provident Fund
(AndhraPradesh)for the subscribers of GPF and other similar funds as 7.6%(Seven
point sixpercent) per annum with effect from 01.01.2018 to31.3.2018 for the
year 2017-18 – Orders - Issued.
FINANCE
(HR-5-Pension, GPF) Department
G.O.Rt.No.96
Dated:24.01.2018
Read the following:
1. G.O.Rt.No.2087,Finance(HR.5)Departmentdt.31.10.2017
2.GOI, Resolution No.F.No.5(1)-B(PD)/2017, Ministry of
Finance, Department of Economic Affairs (Budget Division), Dated 1.01.2018.
****
ORDER:
According to Rule 13(1) of General Provident Fund
(AndhraPradesh) Rules 1935, Government shall pay to the credit of the account
of a subscriber interest at such rate as may be determined for each year according
to the method of calculation prescribed from India for payment of
interest on subscription to the General provident Fund
inrespect of Central Services.
2. In the G.O.1stread above, the State Government have
adopted the interest rate of 7.9% per annum with effect from 1.4.2017 to
30.6.2017, as ordered by the Government of India.
3. In the reference 2nd read above, the Government of India
through resolution No. F.No.5 (1)-B(PD)/2017, dated. 1.01.2018 announced the interest
for the subscribers of General Provident Fund (Central Services) at 7.6 % per
annum for the period from 01.01.2018 to 31.03.2018 during the year 2017-18.
4. Government after careful examination of the matter, hereby
order to Adopt & revision the rate of interest as 7.6 % per annum for the
period from 01.01.2018 to 31.03.2018 during the year 2017-18 on the following Provident
Funds and other similar funds maintained by the Government of Andhra Pradesh on
par with rates of Government of India.
0 comments:
Post a Comment