Join My whatsapp GroupGPF INTEREST RATES @7.1%
INTEREST ON GENERAL PROVIDENT FUND
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.lst read above, the State Government have adopted the interest rate of 7.1% per annum with efect from 01.07.2022 to 30.09.2022
on the following Provident Funds and other similar funds maintained by the Government Andhra Pradesh on
par with rates of Government of India.
a. The
General Provident Fund (Andhra Pradesh) Rules1935 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.
4. Government after careful examination of the matter hereby order to adopt the rate of interest at 7.1% (Seven point One percent) per annum for the period from 1st October, 2022 to 31st December, 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 1st October, 2022.
a. The
General Provident Fund (Andhra Pradesh) Rules1935
b. The
Electricity Department Provident Fund Rules.
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