TS DT 18.12.18 Interest applicable on GPF and other similar funds for the period 01-07-2018 to 31-12-2018

GOVERNMENT OF TELANGANA ABSTRACT

TS DT 18.12.18 Interest applicable on GPF and other similar funds for the period 01-07-2018 to 31-12-2018-Orders Issued

FINANCE (HRM.V) DEPARTMENT G.O.Rt.No. Dated: 18-12-2018

Read the following:-

    1. G.O.Rt.No.934, Fin (HRM.V) Dept., dated.09.05.2018

    2. GOI, resolution No.F.No. 5 (1)-B(PD)/2018, Ministry of Finance Department of Economic Affairs (Budget Division) dt:17/07/2018

    3. GOI, resolution No.F.No. 5 (1)-B(PD)/2018, Ministry of Finance Department of Economic Affairs (Budget Division) dt:04/10/2018

   4. Letter No. F.M-TS/GL.1/2018-19/421, Dated.23.10.2018 of AG (A&E), Telangana -

000 ORDER:

      According to Rule 13(1) of General Provident Fund (Telangana State) 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 1t read above, the State Government have adopted the interest rate of 7.6 % per annum as ordered by the Government of India with effect from 01.04.2018 to 30.06.2018 during the year 2018 -2019

     3. In the reference 2nd cited, GOl through their resolution dated: 17-07 2018 have announced that the rate of Interest on accumulations at the credit of subscribers to the GPF and other similar funds shall be 7.6 % for the period 01-07-2018 to 30-09-2018

     4. In the reference 3 read above, the Government of India through their resolution No.F.No. 5 (1)-B(PD)/2018, Ministry of Finance Department of Economic Affairs (Budget Division), dt:04.10.2018 fixed the rate of interest for the subscribers of General Provided Fund (Central Services) at 8 % per annum for the period from 01.10.2018 to 31.12.2018 during the year 2018-19.....

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