Join My whatsapp GroupG.O.Ms.No.3,Dated:26- 01-2018 - GIS Revised Rate of Interest from 01-07-2017 to 31-12-2017
FINANCE
(ADMN-III) DEPARTMENT
G.O.Ms.No.3,Dated:26-
01-2018 - GIS Revised Rate of Interest from 01-07-2017 to 31-12-2017
ORDER:
In
the reference 1st read above, revised rates of Interest for 3rd & 4th
Quarters of the calendar year 2017 i.e. 01-07-2017 to 31-12-2017 on the Andhra
Pradesh Group Insurance Savings Funds have been issued.’
2. In
the reference 2nd read above, the Director of Insurance while enclosing the
revised tables of the Group Insurance Scheme @ 7.8% for third & fourth
Quarters of the Calendar Year 2017 has requested to approve the same and issue
instructions that has to be followed scrupulously as detailed below:
The Sanctioning Authorities /
Drawing and Disbursing Officers / Treasury Officers / District Audit Officers /
Pay and Accounts Officers / Director of Works Accounts are requested to keep in
view of the appended Table while
sanctioning and making the final payments under Group Insurance Scheme for
proper implementation of the scheme.
The Head of the Department / Drawing
and Disbursing Officer shall be held responsible for sanctioning the Group
Insurance Scheme final payments. If any excess payments are found, the
difference amount shall be collected from the sanctioning authority and such
Officers are liable for disciplinary action.
The Drawing and Disbursing Officer
shall recover the correct rate of subscription according to the eligible group
of the employees. For any excess / less recovery, the Drawing and Disbursing
Officer concerned shall be held responsible.
The Head of the Department concerned
shall take action against the erring officials who are responsible for the
excess / less recoveries wherever they are detected.
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