Wednesday, 24 January 2018

G.O.RT.No.96 , Dated: 24-01-2018. Provident Fund-Interest rates on General Provident Fund (AndhraPradesh) for the subscribers of GPF and other similar funds as 7.6%(Seven point sixpercent) per annum with effect from 01.01.2018 to31.3.2018 for the year 2017-18 .


GOVERNMENT  OF  ANDHRA  PRADESH 
ABSTRACT

  Provident  Fund-Interest  rates  on  General  Provident Fund  (AndhraPradesh) for the  subscribers of GPF and other similar funds  as  7.6%(Seven  point sixpercent) per  annum with effect from  01.01.2018 to31.3.2018  for  the  year 2017-18 – Orders  - Issued.

 FINANCE (HR-5-Pension, GPF)  Department 
 G.O.RT.No.  96                      Dated: 24-01-2018 

Read the  following:

1.  G.O.Rt.No.2087,Finance(HR.5)Departmentdt.  31.10.2017
2.GOI,  Resolution  No.F.No.5(1)-B(PD)/2017,  Ministry  of  Finance, Department  of  Economic  Affairs  (Budget  Division),  Dated  1.01.2018.

             ****

 ORDER:

 According  to  Rule  13(1)  of  General Provident Fund  (AndhraPradesh) Rules  1935,  Government  shall pay  to  the credit  of  the accountof  a  subscriber interest at such rate  as may be  determined  for eachyear  according to the method  of  calculation  prescribed  from India forpayment  of  interest  on subscription  to  the  General provident Fund inrespect of  Central Services.

2.  In  the G.O.1stread  above,  the State  Government  have  adopted  theinterest rate  of  7.9%  per  annum with effect from  1.4.2017  to 30.6.2017,  asordered 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)/2017,  dated.  1.01.2018  announced  the interest for  the  subscribers of  General Provident Fund (Central Services)at 7.6  %  per  annum for  the  period  from  01.01.2018  to  31.03.2018  during  the year 2017-18.

4.  Government  after careful  examination of  the  matter, hereby order toAdopt&revision  the  rate  of  interest as  7.6  %  per annum for  the  periodfrom 01.01.2018  to  31.03.2018  during  the  year 2017-18  on  the followingProvident  Funds and other  similar  funds maintained  by the Governmentof  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  Savindg  Rules,1949.
     4.  Government  Distilleries  Employees  Provident  Fund
     5.  Andhra  Pradesh  Government  Life Insurance Fund.
     6.  Andhra  Pradesh  Employees  Welfare Fund  Rules.

5.  The G.O.  is  available on  Internet  and  can be  accessed  at  the address http://www.goir.ap.gov.in

[BY  ORDER AND IN  THE  NAME  OF  THE  GOVERNOR OF ANDHRA PRADESH] 


 HEMA  MUNIVENKATAPPA 
SPECIAL SECRETARY TO GOVERNMENT 







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