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 GO Rt:1319

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.

ORDER:



  1. 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 ji 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. 

Posted in:

Related Posts

0 comments:

Post a Comment

AP Latest Information

Subscribe My Whatsapp & Telegram Groups గ్రామసచివాలయం జాబ్స్ పూర్తి సమాచారం More

Sponsered Links

E-Patasala( TLM)

General Information

More

GOs

More
Top