Provident Fund-Interest rates on General Provident Fund (Andhra Pradesh

భవిష్యనిధి(పి.యఫ్)వడ్డి ని 8శాతానికి పెంచుతూ ఉత్తర్వు

విడుదల

Provident Fund-Interest rates on General Provident Fund (Andhra Pradesh)

for the subscribers of GPF and other similar funds as 8%(Eight percent) per

annum with effect from 01.10.2018 to31.12.2018 for the year 2018-19 –

Orders Issued.

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FINANCE (HR-IV-Pension.II, GPF) Department

G.O.RT.No. 2119 Dated: 17-12-2018

Read the following:

1. G.O.Rt.No.1204, Finance (HR.5)Departmentdt. 22.05.2018

2.GOI, Resolution F.No.5(1)-B(PD)/2018, Ministry of Finance,

Department of Economic Affairs (Budget Division), Dated 04.10.2018.

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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 7.6% per annum with effect from 1.4.2018 to 30.6.2018, as

ordered 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)/2018, Dated.04.10.2018 announced the

interest for the subscribers of General Provident Fund (Central Services) at

8% per annum for the period from 01.10.2018 to 31.12.2018 during the

year 2018-19.

4. Government after careful examination of the matter, hereby ordered to

Continue the rate of interest at 8% per annum for the period from

01.10.2018 to 31.12.2018 during the year 2018-19 on the following

Provident Funds and other similar funds maintained by the Government of

Andhra Pradesh on par with rates of Government of India.

CVPRASAD

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