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Thursday, 18 May 2017

Interest Rates on General Provident Fund as 7.9% - 2017-18

G.O.Rt.1171  - Interest Rates on General Provident Fund 2017-18 as 7.9% 

Provident Fund-Interest rates on General Provident Fund (Andhra Pradesh) for the subscribers of GPF and other similar funds as 7.9% (Seven point nine percent) per annum with effect from 01.04.2017 to 30.06.2017 for the year 2017-18 – Orders Issued.


FINANCE (HR-5-Pension, GPF) Department

G.O.Rt.No.                                                                                            Dated:11.05.2017
Read the following:
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 ORDER:
            According to Rule 13(1) of General Provident Fund (Andhra Pradesh) Rules 1935, 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 Government of India for payment of interest on subscription to the General provident Fund in respect of Central Services.

2.       In the G.O.4th read above, the State Government have adopted the interest rate of 8% per annum with effect from 01.01.2017 to 31.03.2017, as ordered by the Government of India.

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