Provident Fund-Interest rates on General Provident Fund (Andhra Pradesh) for the subscribers of GPF and other similar funds at 8%(Eight percent) per annum with effect from 01.01.2019 to31.03.2019 for the year 2018-19 – Orders-Issued.
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 01.10.2018 to 31.12.2018,
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.03.01.2019 announced the
interest for the subscribers of General Provident Fund (Central Services) at
8% per annum for the period from 01.01.2019 to 31.03.2019 during the
financial 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
01.01.2019 to 31.03.2019 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.
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