GPF interest

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.