Provident Fund - Interest rates
on General Provident Fund (Andhra Pradesh) for the subscribers of GPF and other
similar funds as 7.6% (Seven point six percent) per annum with effect from
01.04.2018 to 30.06.2018 for the year 2018-19 – Orders - Issued.
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G.O.Rt.No.1204
Dated:
22.05.2018
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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. first read above, orders were issued adopting the rate of
interest as 7.6 % per annum for the period from 01.01.2018 to 31.03.2018 during
the year 2017-18 on the following Provident Funds and other similar funds
maintained by the Government of Andhra Pradesh on par with rates of Government
of India.
-
The General Provident Fund
(Andhra Pradesh) Rules1935
-
The Electricity Department
Provident Fund Rules.
-
Emergency Cut and Compulsory
Saving Rules, 1949.
-
Government Distilleries
Employees Provident Fund
-
Andhra Pradesh Government
Life Insurance Fund.
-
Andhra Pradesh Employees
Welfare Fund Rules.
3. In the reference second cited
Government of India ordered continuation of rate of interest at 7.6% from
01.04.2018 onwards on these Provident Funds.
4. Government after careful
examination of the matter, hereby order continuation of 7.6% of interest on the
following Provident Funds and other similar funds maintained by the Government
of Andhra Pradesh on par with rates of Government of India which shall continue
for the period from
01.04.2018 onwards during the year 2018-19 till further orders.
-
The General Provident Fund
(Andhra Pradesh) Rules1935
-
The Electricity Department
Provident Fund Rules.
-
Emergency Cut and Compulsory
Saving Rules, 1949.
-
Government Distilleries
Employees Provident Fund
-
Andhra Pradesh Government
Life Insurance Fund.
-
Andhra Pradesh Employees
Welfare Fund Rules.
