Join My whatsapp GroupG.O.RT.No 110,Dt/24.01.2019 - Provident Fund GPF / ZPPF Interest rates from 01.01.2019 to 31.03.2019 for the year 2018-19
G.O.RT.No 110,Dt/24.01.2019 - Provident Fund GPF / ZPPF Interest rates from 01.01.2019 to 31.03.2019 for the year 2018-19
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.1stread above, the State Government have adopted
the interest rate of 8% per annum with effect from 01.10.2018 to
31.12.2018, 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)/2018, Dated.03.01.2019
announced the interest for the subscribers of General Provident
Fund (Central Services) at 8% per annum for the period from
01.01.2019 to 31.03.2019 during the financial year 2018-19.
4. Government after careful examination of the matter, hereby
ordered to Continue the rate of interest at 8% per annum for
the period from 01.01.2019 to 31.03.2019 during the year 2018-19
on the following Provident Funds and other similar funds maintained
by the Government of Andhra Pradesh on par with rates of
Government of India.
1.The General Provident Fund (Andhra Pradesh) Rules1935
2. The Electricity Department Provident Fund Rules.
3. Emergency Cut and Compulsory Saving Rules, 1949.
4. Government Distilleries Employees Provident Fund
5. Andhra Pradesh Government Life Insurance Fund.
6. Andhra Pradesh Employees Welfare Fund Rules. 5.
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