AccordingtoRule13(1)ofGeneralProvidentFund(AndhraPradesh)Rules1935, Governmentshallpaytothecreditoftheaccountofasubscriberinterestatsuchrateas maybedeterminedforeachyearaccordingtothemethodofcalculationprescribed
from Indiaforpaymentofinterestonsubscriptionto theGeneralprovidentFund inrespectofCentralServices.
---------------------------------------------------------
2.IntheG.O.1streadabove,theStateGovernmenthaveadoptedtheinterestrateof7.9% perannum witheffectfrom 1.4.2017to30.6.2017,asorderedbytheGovernmentof
India.
----------------------------------------------------------
3.Inthereference2ndreadabove,theGovernmentofIndiathroughresolutionNo.
F.No.5(1)-B(PD)/2017,dated.1.01.2018announcedtheinterestforthesubscribersof
GeneralProvidentFund(CentralServices)at7.6% perannum fortheperiodfrom
01.01.2018to31.03.2018duringtheyear2017-18.
-----------------------------------------------------------
4.Governmentaftercarefulexaminationofthematter,herebyordertoAdopt&revision
therateofinterestas7.6%perannum fortheperiodfrom 01.01.2018to31.03.2018
duringtheyear2017-18onthefollowingProvidentFundsandothersimilarfunds
maintainedbytheGovernmentofAndhraPradeshonparwithratesofGovernmentof
India.
1.TheGeneralProvidentFund(AndhraPradesh)Rules1935
2.TheElectricityDepartmentProvidentFundRules.
3.EmergencyCutandCompulsorySavingRules,1949.
4.GovernmentDistilleriesEmployeesProvidentFund
5.AndhraPradeshGovernmentLifeInsuranceFund.
6.AndhraPradeshEmployeesWelfareFundRules.
5.The G.O.is available on Internet and can be accessed at the address
http://www.goir.ap.gov.in
