General Provident Fund (Tamilnadu) : Rate of interest for the period 01.01.2017 to 31.03.2017

General Provident Fund (Tamilnadu) : Rate of interest for the period 01.01.2017 to 31.03.2017

PROVIDENT FUND : General Provident Fund (Tamilnadu) : Rate of interest for the period 01.01.2017 to 31.03.2017 - Orders - Issued.

Read the following:- 1. G.O.Ms.No.276, Finance (Allowances) Department, dated 24.10.2016.
2. From the Government of India, Ministry of Finance, Department of Economic Affairs, (Budget Division) New Delhi, Resolution No.5(1)-B(PD)/2016, dated 18.01.2017.

ORDER:
In the Government Order read above, orders were issued fixing interest for the accumulation at the credit of the subscribers to the General Provident Fund (Tamil Nadu) at 8.0% for the period from 1st October 2016 to 31st December, 2016.

2. In its order second read above, the Government of India has announced that during the year 2016-2017 accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.0% with effect from 1st January 2017 to 31st March 2017.

3. The Government now direct that the rate of interest on the accumulation at the credit of the subscribers to the General Provident Fund (Tamil Nadu) shall carry interest at the rate of 8.0% (Eight point zero per cent) during the period from 1st January 2017 to 31st March 2017.

4. The rate of interest on belated final payment of General Provident Fund accumulations remaining unpaid for more than three months of its becoming payable shall be at the same rate as ordered in para 3 above.
(BY ORDER OF THE GOVERNOR)

K. SHANMUGAM ADDITIONAL
CHIEF SECRETARY TO GOVERNMENT

Click to view the original order
Authority: www.tn.gov.in

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

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

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

F.NO. 5(1)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 18th January, 2017

RESOLUTION

It is announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.0% (Eight per cent) w.e.f. 1st January, 2017 to 31st March, 2017. This rate will be in force w.e.f. 1st January, 2017.

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.

(Vyasan R.)
Deputy Secretary (Budget)

To,
The Manager, (Technical Branch)
Government of India Press, Faridabad.

Source: GPF Resolution