ఉపాధ్యాయులకు PF అమలుపై ఏర్పాటు చేయబడిన కమిటీ వివిధ జిల్లాల కార్యనిర్వహణాధికారుల అభిప్రాయములు& సూచనలు సేకరించిన అనంతరం ప్రాథమికంగా ప్రకటించిన విధివిధానాలు.
Provident Fund Modalities
As per the instructions of the Chairman of the PF Committee, the committee members have approached the Chief Executive Officer, ZP, Guntur, Vizianagaram, Srikakulam, E.G. District, Kumool, Anantapur, Chittoor, Krishna, W.G.Dist., & Prakasam Districts to have a complete knowledge in operation and maintenance of P.F Accounts at CEO, ZP, Guntur and to submit report.
Operational system:-
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In the first instance, call for application along with nomination forms with family members certificate of all the employees who are going to the open PF Accounts, which is mandatory according to the PF rules/guidelines. (Application form model given).
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After allotment of nos., some one has to give witness in the forms.
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The minimum monthly subscription should be 6 Y2 % in both Pay + DA leaving a minimum of40% of take home salary.
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The loans and advances will be given as per PF Loans and Advances Rules.
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After receipt of application towards sanction of loan/advance, the same will be scrutinized and sanctioned at DDG level and monthly recovery should be monitored by the DDG duly forwarding the monthly subscription and recovery schedule to the HoD
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After receipt of sanction order proceedings, funds transfer shall be made from the Fund Manager through online transfer to the beneficiary account.
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Both Manual Ledgers and Online data will be maintained separately.
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PF interest will be calculated as per the rates prescribed by the Government from time to time.
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Reconciliation of PF Accounts of this office with Bank and Treasury should be taken up periodica:1Iy.
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2% of the accumulation shall be utilized towards administrative and maintenance charges.
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All tile beneficiaries should be informed through SMS whenever remittance, release were effected to their PF account.
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