Revision of interest for Tamilnadu State Govt Employees GPF from 1st January 2017
General Provident Fund (Tamilnadu) – Revision in Rate of interest for Tamilnadu State Govt Employees GPF for the period 01.01.2017 to 31.03.2017
Tamilnadu Govt has issued G.O. for the revision of Rate of Interest.
GOVERNMENT OF TAMIL NADU
FINANCE (ALLOWANCES) DEPARTMENT
(Dhunmugi, Masi 3, Thiruvalluvar Aandu 2047)
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.
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
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)
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT