Join My whatsapp GroupInterest rates on General Provident Fund @ 7.1%
Interest rates on General Provident Fund 7.1% -from 01.07.2022 to 30.09.2022
Provident Fund - Interest rates on General Provident Fund (Andhra Prades) for the subscribers of GPF and other similar funds at the rate of 7.1% (Seven point One percent) per annum with effect from 01.07.2022 to 30.09.2022 for the F.Y.2022-2023 - Orders - Issued. (G.O.Rt.No. 247, from Finance (HR-III-Pension, GPF) Department, dated:20.09.2022)
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.
a. The General Provident Fund (Andhra Pradesh) Rules] 935 b. The Electricity Department Provident Fund Rules.
c. Emergency Cut and Compulsory Saving Rules.
1949.
d.
Government Distilleries Employees Provident Fund e. Andhra Pradesh
Government Life Insurance Fund.
f. Andhra Pradesh Employees Welfare Fund Rules.
3. In the reference 2" read above, the Government of India announced the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1 July, 2022 to 30" September, 2022. This rate will be in force w.e.f 1st July, 2022.
4. Government after careful examination of the matter hereby order to adopt the rate of interest at 7. I% (Seven point One percent) per annum for the period from I st July, 2022 to 30th September, 2022 during the F.Y.2022-23 on the following Provident Funds and other similar funds maintained by the Government of Andhra Pradesh on par with rates of Government of India. This rate will be in force w.e.f Ist July, 2022
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