By
teacherbook -
Saturday 16 March 2024
-
No Comments
GIS INTEREST RATES-REVISED TABLES
PUBLIC SERVICES – Employees Welfare Scheme – Andhra Pradesh State Employees
Group Insurance Scheme – 1984 – Revised Rate of Interest (7.1% p.a) w.e.f
01-07-2023 to 31-03-2024 on accumulated Savings Fund Communication of Tables of
Benefits for Savings Fund for the Period from 01-07-2023 to 31-03-2024 –
Revised Tables – Orders – Issued.
As stated in the initially referenced document, directives were issued to implement the Group Insurance Scheme for State Government Employees, replacing the Family Benefit Scheme, starting from November 1, 1984. Furthermore, paragraph 9 of the initially referenced document specifies that the accumulated amounts in both the Savings Fund and Insurance Fund shall accrue interest at rates determined by the Government periodically."
2. In
the reference 2nd read above, orders were issued for apportioning the
subscription of each unit of Rs.10/-
between Insurance Fund
and Savings Fund
in the ratio
of Rs.3.125/- and
Rs.6.875/- respectively.
3. In
terms of the recommendation of the Committee constituted to review the working
of the Andhra Pradesh State Employees Group Insurance Scheme in Government
orders 3rd read above, orders were issued for revision of rate of subscription
of each unit from Rs.10/- to Rs.15/- with effect from 01-11-1994. The apportionment of the subscription of each unit Rs.15/-
between Insurance Fund andSavings Fund was fixed in the ratio of Rs.4.50/-
and Rs.10.50/- respectively with effect from 01-11-1994. The amount of Insurance coverage will be
Rs.15,000/- for each unit of subscription.
4. The
rate of interest on accumulations
of Savings Fund of the Member of the Scheme and the interest on the Insurance
Fund from time to time is as follows
Share This:
teacherbook.in
Join My whatsapp Group
No Comment to " GIS INTEREST RATES "