Tuesday, 20 August 2019

Interest rates on General Provident Fund (A P) for the subscribers of GPF and other similar funds at 7.9% per annum with effect from 01.07.2019 to 30.09.2019 for the year 2019-20. G.O.RT.No. 1319, Dated: 20-08-2019



GOVERNMENT  OF  ANDHRA  PRADESH 
ABSTRACT 

Provident Fund  - Interest rates  on  General Provident Fund  (Andhra Pradesh) for  the  subscribers  of  GPF and other  similar  funds  at  7.9%(Seven  point  nine percent) per  annum  with effect from  01.07.2019  to  30.09.2019  for  the  year 2019-20  – Orders-Issued.

FINANCE (HR-IV-Pension.II,  GPF)  Department 
G.O.RT.No.  1319                       Dated: 20-08-2019     








Read the  following:
1.  G.O.Rt.No.950,  Finance(HR.IV)Department,  Dt.01.05.2019
2.  GOI,  Resolution  F.No.5(2)-B(PD)/2019,  Ministry  of  Finance,     Department of  Economic Affairs (Budget Division), Dt.12.07.2019

 **** 

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  01.04.2019  to  30.06.2019, as ordered by the  Government of  India.
3.  In  the reference 2nd  read  above,  the Government  of  India through resolution  No.   F.No.5(2)-B(PD)/2019,  Dated.12.07.2019 announced  the interest for  the  subscribers of  General  Provident Fund (Central Services) at   7.9% per annum for the period from  01.07.2019 to  30.09.2019 during the financial  year  2019-20.

4.  Government  after careful  examination  of the matter,  hereby  ordered  to revise  the  rate  of  interest at  7.9%  per  annum  for  the  period  from 01.07.2019  to  30.09.2019 during  the year  2019-20  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.    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)      

K  VEERA  VENKATA  SATYANARAYANA   
SECRETARY  TO GOVERNMENT(FAC)




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