Tuesday, 22 May 2018

Provident Fund GPF / ZPPF Interest rates from 01.07.2017 to 31.12.2017 for the year 2018-19 G.O.Rt.No.1204


Provident Fund GPF / ZPPF Interest rates from 01.07.2017 to 31.12.2017 for the year 2018-19 G.O.Rt.No.1204

 FINANCE (HR-5-Pension, GPF) Department
G.O.Rt.No.1204 Dated: 22.05.2018

Read the following:

1. G.O.Rt.No.96, Finance (HR.5) Department, dt. 24.01.2018
2. GOI, Resolution F. No. 5(1)-B (PD)/2018, Ministry of Finance, Department of Economic Affairs (Budget Division), Dated 11.04.2018.
                         
ORDER:

According to Rule 13(1) of General Provident Fund (Andhra Pradesh) 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 time to time by the Government of India for payment of interest on subscription to the General provident Fund in respect of Central Services.
2.     In the G.O. first read above, orders were issued adopting 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.

 The General Provident Fund (Andhra Pradesh) Rules1935
 The Electricity Department Provident Fund Rules.
 Emergency Cut and Compulsory Saving Rules, 1949.
 Government Distilleries Employees Provident Fund
 Andhra Pradesh Government Life Insurance Fund.
 Andhra Pradesh Employees Welfare Fund Rules.


3.       In the reference second cited Government of India ordered continuation of rate of interest at
7.6% from 01.04.2018 onwards on these Provident Funds.
4.         Government after careful examination of the matter, hereby order continuation of 7.6% of interest on the following Provident Funds and other similar funds maintained by the Government of Andhra Pradesh on par with rates of Government of India which shall continue for the period from
01.04.2018 onwards during the year 2018-19 till further orders.

The General Provident Fund (Andhra Pradesh) Rules1935
The Electricity Department Provident Fund Rules.
Emergency Cut and Compulsory Saving Rules, 1949.
Government Distilleries Employees Provident Fund
Andhra Pradesh Government Life Insurance Fund.
Andhra Pradesh Employees Welfare Fund Rules.

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