Tamil Nadu GPF Interest Rate for the Financial Year 2021- 2022 w.e.f 01.01.2022 to 31.03.2022

Tamil Nadu GPF Interest Rate for the Financial Year 2021- 2022 w.e.f 01.01.2022 to 31.03.2022

Tamil Nadu General Provident Fund (GPF): Rate of interest for the Financial year 2021- 2022 With effect from 01.01.2022 to 31.03.2022

Government of Tamil Nadu, 2022
FINANCE [Allowances] DEPARTMENT
G.O.Ms.No.29, Dated 27th January, 2022.
(Pilava, Thai – 14, Thiruvalluvar Aandu 2053)

ABSTRACT

Provident Fund – Provident Fund – General Provident Fund (Tamil Nadu) – Rate of interest for the Financial year 2021- 2022 With effect from 01.01.2022 to 31.03.2022 – Orders – Issued.

Read the following:-

1. G.O.Ms.No.125, Finance (Allowances) Department, dated 28.04.2021.

2. G.O.Ms.No.173, Finance (Allowances) Department, dated 19.07.2021.

3. G.O.Ms.No.238, Finance (Allowances) Department, dated 26.10.2021.

4. From the Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi, Resolution No.F.No.5(4)-B(PD)/2022, dated: 03.01.2022.

-oOo-

ORDER:

In the Government Order first, second and third read above, orders were issued fixing the rate of interest on the accumulation at the credit of the subscribers of G.P.F (TN) during the Financial year 2021 – 2022 as detailed below:

Sl. No. Quarter Period Rate of Interest
1 I 01-04-2021 to 30-06-2021 7.10%
2 Ii 01-07-2021 to 30-09-2021 7.10%
3 Iii 01-10-2021 to 31-12-2021 7.10%

 

2. The Government of India, in its resolution fourth read above, announced that during the year 2021-2022, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) with effect from 1st January, 2022 to 31st March, 2022.

3. The Government now directs that the rate of interest on the accumulation at the credit of the subscribers to General Provident Fund (Tamil Nadu) shall carry interest at the rate of 7.1% (Seven point one percent) with effect from 1st January, 2022 to 31st March, 2022.

4. The rate of interest on belated final payment of Provident Fund accumulation remaining unpaid for more than three months of its becoming payable shall be at the same rates as ordered in para-3 above.

(BY ORDER OF THE GOVERNOR)

N.MURUGANANDAM

ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

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