Process of settlement of claims in view of declaration of rate of interest for the financial year 2011-12 — Regarding.

Employees Provident Fund Organisation
(Ministry of Labour & Employment, Govt. of India)
Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi - 110066

No.:WSU/10(1)2011/Changes in MAP

Dated:15-03-2012.

To
All Regional Provident Fund Commissioners,
In-charge of the ROs/SROs

Subject:- Process of settlement of claims in view of declaration of rate of interest for the financial year 2011-12 — Regarding.

Sir,

   This is in reference to the Head Office circular No. Invest.1/3(2)/133/11-12-ROI/51350 dated 14.03.2012 (placed at Sl. No. 602 of ‘Office Orders & Circulars 2011-12’ on EPFO’s website) vide which rate of interest @8.25% pa. for the financial year 2011-12 has been conveyed. The IS Division has already released Application S/w Patch Ver 3.29.1” dated 15-03-2012 for the same.

   Accordingly, all the RPFCs/Officers-Incharge of ROs/SROs are hereby directed to settle the claims by crediting the interest @8.25% for the financial year 2011-12. The claims, which are already in the pipeline before release of S/w Patch Ver 3.29.1, need not be returned to the Dealing Assistant (Initiator) for the change in the rate of interest. Such claims are to be approved by crediting interest @ 8.25% qa (for the Financial Year 2011-12), at the level of Section Supervisor, Accounts Officer or APFC, as the case may be. The Section Supervisor, Accounts Officer or APFC, as the case may be, shall record the final amount on the claim form
under his signature.

Yours faithfully,

sd/-
(Rajesh Bansal)
Financial Advisor & Chief Accounts Officer

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