ప్రావిడెంటు ఫండు వడ్డీ రేటు పెంపు

GOVERNMENT OF ANDHRA PRADESH

ABSTRACT

Provident Fund  – Rate of interest for the Financial Year 2012-13 on the  accumulations on the credit of subscribers in the  General Provident Fund and other similar funds until further orders – Issued.

FINANCE (PEN.II) DEPARTMENT

        G.O.Rt.No. 2735                                          Dated: 16-06-2012

                    Read the following:-

                    1. G.O.Ms.No.703, Finance (Pen.II) Dept, dt: 19/7/2002.

                    2. GOI, resolution No.F.No. 5 (1)-B (PD)/2009, Ministry of Finance and  

 Company Affairs (Department of Economic Affairs) dt:15/10/2009.                                                                     
3.Cir.Memo.33285/29/A2/Pen.II/2009, dt:2/12/2009.
4. GOI, resolution No.F.No. 5 (1)-B (PD)/2011, Ministry of Finance

and Company Affairs (Department of Economic Affairs) dt:19/3/2012.

5. Dy. Accountant General (Funds), O/o the Principal Accountant

General (A&E), A.P., Hyderabad FM/GI.II/9-3/2012-13/299, dated

3-5-2012

6. G.O.Rt.No.2425, Finance (Pen.II) Department dt: 10-5-2012.

7. GOI, resolution No.F.No. 5 (1)-B(PD)/2012 Ministry of Finance and

Company Affairs (Department of Economic Affairs) dt:22/5/2012.

8. Dy. Accountant General (Funds), O/o the Principal Accountant

General (A&E), A.P., Hyderabad FM/GI.II/9-3/2012-13/518, dated

28/5/2012.

                        -o0o

ORDER:

According to Rule 13(1) of General Provident Fund (Andhra Pradesh) Rules, “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. 6^th read above, the State Government have adopted the interest  rate of 8.6% per  annum  ordered by the Government of India  in the reference 4^th

read above with effect from 01-12-2011 until further orders.

3. In the reference  7^th read above, the Government of India through its

Resolution No. F.No. 5 (1)-B (PD)/2012 GOI, dt:28/5/2012 revised the rates of

interest for the subscribers of General Provided Fund (Central Services) for the

year 2012-13 as follows:

                        8.8% with effect from 1/4/2012.2

4. The Deputy Accountant General (Funds), in his letter 8^th read above has

requested to issue necessary Government orders  duly revising the rates of

interest  on GPF etc., maintained in the State for the year 2012-13.

5. Government, after careful consideration of the matter, hereby enhance the

rate of interest from 8.6% to 8.8% per annum w.e.f. 01-4-2012 on the following

Provident Funds on par with the rates of Government of India until further orders.

1) The General Provident Fund (Andhra Pradesh) Rules, 1935.

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. The G.O is available on Internet and can be accessed at the address

http://www.goir.ap.gov.in.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

Dr. D.SAMBASIVA RAO

                                                         PRINCIPAL SECRETARY TO GOVERNMENT (FP)