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G.O.Rt.No.1638,Dt.27.06.2016 - General Provident Fund Rate of interest for the Financial year 2016-17 as 8.1%

By teacherbook - Monday 27 June 2016 - No Comments

GOVERNMENT OF ANDHRA PRADESH ABSTRACT

Provident Fund-General Provident Fund (Andhra Pradesh)-Rate of interest for the financial year 2016-17   commencing on 01.04.2016 as 8.1% (Eight point one per cent) per annum with effect from 01.04.2016 to 30.06.2016-Issued.
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FINANCE (HR-5-Pension,GPF)DEPARTMENT

G.O.RT.No. 1638                                                                Dated: 27-06-2016
Read the following:-

           1. G.O.Rt.No.2142, Finance(Pen.II)Department  dated 30.04.2013
2. GOI, Resolution No. F.No.5(1)-B(PD)/2016, Ministry of Finance, Department of Economic Affairs(Budget Division)  Dt: 02.06.2016
3. Lr.No.FM/Gl.II/9-3/2016-17/330 of O/o the Accountnat General (A&E), Andhra Pradesh, Hyderabad, Dt: 08.06.2016.

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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.

 

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