GPF Rate of Interest for the Financial Year 2017-18 on the accumuletions on the credit of subscribers in the G.P.F and other similar funds until fiurher orders Issued Dated: 25-O1-2018 G.O.Rt,No. 39

GPF Rate of Interest for the Financial Year 2017-18 on the accumuletions on the credit of subscribers in the G.P.F and other similar funds until fiurher orders Issued
Dated: 25-O1-2018 G.O.Rt,No. 39

FINANCE (HRM-v) DEPARTMENT

Dated: 25-O1-2018 G.O.Rt,No. 39

Read the following:-

G.O,Rt.No.11 12, Fin (HRM.V)Dept.r dated,11.08.2017.

2. Gol, resolutien No F.No. 5 (I B(PD)/2017, Ministry of Finance, Department of Economic Affairs (Budget Division) dt23/ioi2017.

3. GOI, resolution No.F.No. 5 (l BKPD)/2017. Ministry of Finance, Department of Economic Affairs (Budget Division) dt:01/01/2017.

4. Letter No. F.M-TSMGL, IV2017-1W1564, Dated 12.01.2018 of AG (A&E) Telangana.

-o0o- ORDER:

            According to Rule 13(1) of General Provident Fund (Telangana State) Rules, "Govcmment shall pay ta thc crcdit of thc account of a subscribcr intercst at such ratc as may bc determined for each year according to the method of calculation prescribed from time to time by the Government of India for payment of irlerest on subscription to the General Provident Fund in respect of Central Services'

2. In the G.O 1al read abcve, the State Govemment have adoptied the interest rate of 7.8% per annum as ordered by the Govemment of India with effect from 01.07.2017 to 30.09.2017 during the year 2017-2018

3. n the reference 2nd & 3rd read above. the Government of India through its resolution No.F.No. 5 (I B(PD)/2017, Ministry of Finance, Department of Econamic Affairs (Budget Division), 23, LO 2017 & 1.2018 fixed the rates of interest for the sub of General Provided Fund (Central Services at 7.8% per annum for the period from 01.10.2017 to 31.12.2017 and at 7.6% por annum for the period from 01.0l.2018 to 31.03.2018 rcspcctively during the year 2017

4. Government, aner careful consideration of the matter, hereby adopt the rate of interes (a 7.8% par annum for the period from 01.10.2017 to 31.12.2017 and 7.6% per annum for the period from 01.01.2018 to 31.03.2018 respectively during the year 2017-18 an the following Provident Funds on par with the rates of Govemment ofIndia. 1) The General Provident Fund (Telangana State)Rules, 1935 2) The Electricity Department Provident Fund Rules. 3) Emergency cut and Compulsory saving Rulcs, 1949 4) Government Distilleries Employees Provident Fund. 3) Telangana State Government Life Insurance Fund. 6) Telangana State employees Welfare FundRules. d can be ac cessed at the address The 0.0 available on Internet langanangovinVgoir.

(BY ORDER AND IN THE NAME OF THE GovERNER OF TELANGANA)

N SIVA SANKAR SECRETARY
TO GOVERNMENT

All Heads of Department. All Department in the Secretariat. The Prl. Acccountant General (Audit I). AP& Telangana. Hyderabad.