Thursday 24 January 2019

Provident Fund GPF / ZPPF Interest rates from 01.01.2019 to 31.03.2019 for the year 2018-19 G.O.RT.No 110

FINANCE (HR-IV-Pension.II,  GPF)  Department G.O.RT.No.  110                Dated:  24-01-2019

Read the  following: 
1.  G.O.Rt.No.2119,  Finance(HR.IV)Department,  Dt.17.12.2018 
2.GOI,  Resolution  F.No.5(1)-B(PD)/2018,  Ministry  of  Finance, Department  of  Economic  Affairs (Budget  Division),  Dt.03.01.2019


  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  01.10.2018  to  31.12.2018, as ordered by the  Government of  India. 

    3.  In  the reference 2nd  read  above,  the Government  of  India through resolution  No.   F.No.5(1)-B(PD)/2018,  Dated.03.01.2019 announced  the interest for  the  subscribers of  General  Provident Fund (Central Services) at   8% per annum for the period from  01.01.2019 to  31.03.2019 during the financial  year  2018-19. 
    4.  Government  after careful  examination  of the matter,  hereby  ordered  to Continue  the  rate  of  interest at 8%  per  annum  for  the  period  from 01.01.2019  to  31.03.2019 during  the year  2018-19  on  the following Provident  Funds and other  similar  funds maintained  by  the  Government of Andhra Pradesh  on  par with  rates of Government  of India. 

 1.The General  Provident  Fund  (Andhra  Pradesh)  Rules1935 
2.  The Electricity  Department  Provident  Fund  Rules.
3.  Emergency  Cut  and  Compulsory  Saving  Rules,  1949.     
4.  Government  Distilleries  Employees  Provident  Fund 
5.  Andhra  Pradesh  Government  Life Insurance Fund.
6.  Andhra  Pradesh  Employees  Welfare Fund  Rules. 5. 
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