GPF Interest Rate 8% from October 2018

GPF Interest Rate from October 2018 8% (Eight Percent)

 Interest rate for General Provident Fund has been increased to 8% from October 2018

[GPF Interest Rate Chart from 1960 – View Detailed Report]

Resolution – accumulations at the credit of subscribers to the GPF and other similar funds w.e.f. 1st October, 2018 to 31st December 2018.

(PUBLISHED IN PART I SECTION I OF GAZETTE OF INDIA)

F.No.5(1)-B(PD)/2018 

Government of India 

Ministry of Finance 

Department of Economic Affairs

 (Budget Division)

New Delhi, the 04 October, 2018

RESOLUTION

It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight percent) w.e.f. 1st October 2018 to 31st December 2018. This rate will be in force w.e.f.1st October 2018. The funds concerned are:

1. The General Provident Fund (Central Services). 

2. The Contributory Provident Fund (India).

 3. The All India Services Provident Fund.

 4. The State Railway Provident Fund. 

5. The General Provident Fund (Defence Services). 

6.The Indian Ordnance Department Provident Fund. 

7. The Indian Ordnance Factories Workmen’s Provident Fund. 

8. The Indian Naval Dockyard Workmen’s Provident Fund. 

9. The Defence Services Officers Provident Fund. 

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/- 

(Anjana Vashishha) 

Deputy Secretary 

(Budget)

Click to view order Engligh / Hindi

Source: https://dea.gov.in

Read More »

General Provident Fund Interest Calculator for Central Government Employees

GPF Interest Calculator for CG Employees

General Provident Fund Interest Calculator for Central Government Employees

We provide here a simple too to check your GPF Interest and Final Balance amount

General Provident Fund Scheme (GPF) interest rates are being announced by the Central Government for quarterly basis form April 2016. Interest rates are applicable for three months from April to June, July to September, October to December and January to March. Our tool is designed to edit the interest rates also (Default interest rates for 2016-17 are shown in the calculator).

Enter your Closing Balance of the previous year, Subscription, Refund and Withdrawal amount and the calculator immediately show the summary of the calculation below the calculation sheet…

Click to Calculate

Read More »

GPF Guidelines for Submission of Final Withdrawal

GPF Guidelines for Submission of Final Withdrawal

General Provident Fund – Guidelines for submission of Final Withdrawal / Temp. Advance / Final Settlement Bills and Dr./Cr. Schedules

No.F/1/50/Circular-1

Dated: 17.5.2018

To 

All Controller of Finance & Accounts (Fys) and

 Branch Accounts Offices

Sub: Guidelines for submission of Final Withdrawal / Temp. Advance / Final Settlement Bills and Dr./Cr. Schedules.

Ref: PCA (Fys) Circular No.F/l/20 dated 07.4.2016.

Of late, it has been observed that the directions enumerated in the Circular cited under reference are not being scrupulously followed by many Branch Accounts Offices. Hence, it is reiterated to ensure that subscription recovered and amount paid as withdrawals / temporary advances have been verified / vetted positively, duly indicating the DV Nos. and month of compilation, as this is a mandatory audit requirement for passing of any such claim for payment.

2. During the course of audit of GPF credit schedules received in this office, it has been noticed that many Branch Accounts offices are still having practices to forward only GPF changed statement in respect of subscribers of concerned factory / formation, to Main Office every month. In this context, it is pertinent to mention that complete GPF credit schedules for the RPB month of March every year is required for correct reconciliation and adjustment of data at this end. Hence, it is requested to forward complete GPF Credit Schedules for the RPB month of March only and Changed Statement for all the remaining months, for correct reconciliation and adjustment thereof.

3. If there is no Debit Schedule in any month, a certificate in this regard stating interalia – “It is certified that no GPF withdrawal / Temporary advance has been paid during the month of which must be rendered to this office by the 10th of the following month.

4. GPF Dr. / Cr. Schedules are required to be reconciled with COO-2 and PM. of the respective month positively before forwarding to this office for necessary action at this end. Dr. / Cr. Schedules should invariably be forwarded to this office by the 10th of the following month.

5. Final Settlement Bills must be forwarded to this office at least one month before the date of superannuation.

6. GPF Assets must be transferred at the earliest possible, along with all required documents.

7. Increase and decrease of GPF subscription should be allowed strictly as per GPF Rule 8(4).

The contents of the circular may please be brought to the notice of all the concerned officers and task holder under your jurisdiction.

PCA (Fys.) has approved.

sd/- 

Addl. Controller of Accounts (Fys.)

View order

Authority: http://pcafys.nic.in/

Read More »

GPF Interest Rate from Jan 2018 to Mar 2018 – DEA Orders

GPF Interest Rate from Jan 2018 to Mar 2018 – Department of Economic Affairs (DEA) Orders

General Provident Fund (GPF) Interest Rate from January 2018 to March 2018

Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2017, w.e.f. 1st January, 2018 to 31st March, 2018

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)

F.NO. 5(1)-B(PD)/2017

Government of India 

Ministry of Finance 

Department of Economic Affairs 

(Budget Division)

New Delhi, the 1st January, 2018

RESOLUTION

It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.6% (Seven point six per cent) w.e.f. 1st January, 2018 to 31st March, 2018. This rate will be in force w.e.f.1st January, 2018 . The funds concerned are:— 

1. The General Provident Fund (Central Services). 

2. The Contributory Provident Fund (India). 

3. The All India Services Provident Fund. 

4. The State Railway Provident Fund. 

5. The General Provident Fund (Defence Services). 

6. The Indian Ordnance Department Provident Fund. 

7. The Indian Ordnance Factories Workmen’s Provident Fund. 

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund. 

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-

(Anjana Vashishtha) 

Deputy Secretary (Budget)

Authority: www.dea.gov.in Click to original order

Read More »

GPF & Pension Benefits to Casual Labour with temporary status regularised after 1.1.2004 - Dopt Orders

GPF & Pension Benefits to Casual Labour with temporary status regularised after 1.1.2004 - Dopt Orders

G.I., Dep. of Per. & Trg., O.M.No.49014/2/2014-Estt(C), dated 29.1.2015

Subject: GPF & Pension Benefits to Casual Labour with temporary status regularised after 1.1.2004 - regarding.

The undersigned is directed to say that following the issue of this Department's O.M. No. Dated 26.04.2004, the status of admissibility of pensionary benefits to CL-TS regularised after 1.1.2004 has been a subject of litigation in a number of court cases being contested by various Ministries/Department.

Read More »

GENERAL PROVIDENT FUND – Withdrawal from the General Provident Fund – Maximum limit – Amendments Rules – Issued – Notified.

GOVERNMENT OF TAMIL NADU
2013

FINANCE (ALLOWANCES) DEPARTMENT
G.O.No.103, DATED 1st April, 2013
(Panguni 19, Nandhana, Thiruvalluvar Aandu 2044)

GENERAL PROVIDENT FUND – Withdrawal from the General Provident Fund – Maximum limit – Amendments to rule 15-B of General Provident Fund (Tamil Nadu) Rules – Issued – Notified.

Read the following:-

   1. G.O.Ms.No.33, Finance (Allowances) Department, dated 21.01.1992.

   2. G.O.Ms.No.381, Finance (Allowances) Department, dated 30.09.2010.

   3. From the Accountant General Letter No.Pr.AG (A&E) / FMI / I / 2012-13 / 145468 / 141, dated 26.10.2012.

ORDER:

   The following Notification will be published in the Tamil Nadu Government Gazette.

Read More »

GPF and SDS Interest Rates Revised for the Financial Year 2012-13.

   Government of India has revised the Interest Rates for the financial year 2012-13 in respect of State PFs (GPF) and Special Deposit Schemes (SDS) for non-government Provident, Superannuation and Gratuity funds (SDS), 1975, from 8.6% to 8.8%  with effect from 01.04.2012. The funds concerned are:-

Read More »

Rate of Interest on GPF (West Bengal)

Government of West Bengal
Finance Department
Audit Branch

No. 2908-F( J)

Date : 09/04/2012

RESOLUTION

   The Governor is pleased to decide that during the year 2011-12, accumulations at the credit of the subscribers to the General Provident Fund and other similar funds under the administrative control of the Govt. of West Bengal shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011. The funds concerned are:-

(i) General Provident Fund (West Bengal Service)
(ii) Contributory Provident Fund ( West Bengal)
(iii) Provident Fund maintained under the West Bengal Non-Govt. Educational Institutions and Local authorities (CPFE) Act, 1983.
(iv) Any other Provident Fund maintained in the state Accounts with approval of this Govt.

   2. Ordered that the resolution be forwarded to all Departments of the Govt. of West Bengal and published in Kolkata Gazette.

By order of the Governor,

Sd/-
P.N. Sammader
Joint Secretary to the
Government of West Bengal
Finance Department

Source:http://www.wbfin.nic.in/writereaddata/Interest%20rate%20on%20PF%20order%20No%5B1%5D.2908-F(J).pdf

Read More »

Resolution - accumulations at the credit of subscribers to the GPF and other similar funds - 2011-2012.

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2011
Government of India
Ministry of Finance
(Department of Economic Affairs)

New Delhi, the 19th March, 2012

RESOLUTION

   It is announced for general information that during the year 2011 2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six percent) with effect from 1.12.2011.  The funds concerned are:—

Read More »

TamilNadu – Maximum withdrawal limit from GPF

GOVERNMENT OF TAMIL NADU
                          2010

                                              FINANCE (ALLOWANCES) DEPARTMENT
                                                G.O. No.381, Dated 30th September 2010
                                                  (Purattasi 14, Thiruvalluvar Aandu 2041)

GENERAL PROVIDENT FUND – Withdrawal from the General Provident Fund – Maximum limit – Amendment to rule 15-B of General Provident Fund (Tamil Nadu) Rules – Issued – Notified.

READ – the following papers

1. G.O.(Ms.)No.33, Finance (Allowances) Department, dated 21.1.1992.
2. From the Accountant General Letter No.FMI / I / 09 – 10 / PT55 / 23, dated 12.11.2009

                                                                         ******

ORDER :

The following Notification will be published in the Tamil Nadu Government Gazette.

NOTIFICATION

In exercise of the powers conferred by the proviso to Article 309 of the Constitution of India and of all other powers hereunto enabling, the Governor of Tamil Nadu hereby makes the following amendment to the General Provident Fund (Tamil Nadu) Rules.

AMENDMENT

In the said Rules, in rule 15-B, in the provisos to sub-rule (1), for the expression “Rs.2,50,000/-”, the expression “Rs.6,00,000/-” shall be substituted.

                                            (BY ORDER OF THE GOVERNOR)

                                                                                                                            K. SHANMUGAM
                                                                                   PRINCIPAL SECRETARY TO GOVERNMENT.

Original copy

Read More »