Intrest Rate for General Provident Fund
Provident
Fund – Rate of interest for the Financial Year 2013-14 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. 2142 Dated: 30-04-2013 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.
9.
G.O.Rt.No.2735, Finance (Pen.II) Dept, dt:16.6.2012
10.
GOI, resolution No F.No.5(1)-B(PD)/2013 Ministry of Finance and Company Affairs
(Department of Economic Affairs) dt:8/4/2013.
11.
Dy. Accountant General (Funds) O/o the Principal Accountant General (A&E),
A.P., Hyderabad FM/GI.II/9-3/2013-14/109, dt:25/4/2013.
-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. 9th read above, the State Government have adopted the interest rate of
8.8% per annum
ordered by the Government of India in the reference 8th read above with effect
from 01-04-2012 until further orders.
3. In
the reference 10th read above, the Government of India through its Resolution
No. F.No. F.No.5(1)-B(PD)/2013 GOI, dt:8/4/2013 revised the rates of interest
for the subscribers of General Provided Fund (Central Services) for the year
2013-14 as follows:
8.7% with effect from 1/4/2013.
4.
The Deputy Accountant General (Funds), in his letter 11th 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 2013-14.
5.
Government, after careful consideration of the matter, hereby reduce the rate
of interest from 8.8% to 8.7% per annum w.e.f. 01-4-2013 on the following Provident
Funds and other similar funds maintained by the Government of Andhra Pradesh on
par with the rates of Government of India until further orders. Further the
interest rates as applicable to the GPF are also being adopted to the AP
Employees Welfare Fund as per the APEWF Rules. Hence the interest rate at 8.7%
is also applicable to APEWF.
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) A.P. Employees Welfare Fund
Rules.
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 GOVENOR OF
ANHDRA PRADESH)
Dr. D.SAMBASIVA RAO
PRINCIPAL SECRETARY TO GOVERNMENT (FP)
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