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TN GPF Interest Rate from Oct to Dec 2018

TN GPF Interest Rate from Oct to Dec 2018

Government of Tamil Nadu
2018

FINANCE [Allowances] DEPARTMENT
G.O.Ms.No.337, Dated 12th October, 2018.
(Vilambi, Purattasi-26, Thiruvalluvar Aandu 2049)

ABSTRACT

Provident Fund – General Provident Fund (Tamil Nadu) – Rate of interest for the financial year 2018-2019 – With effect from 1.10.2018 to 31.12.2018 – Orders – Issued.

Read the following:-

1. G.O.Ms.No.252, Finance (Allowances) Department, dated 26.07.2018.

2. From the Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi Resolution F.No.5(1)-B(PD)/2018, dated 4.10.2018

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 7.6% for the period from 1st July, 2018 to 30th September, 2018.

2. The Government of India, in its resolution second read above, announced that during the year 2018-2019 accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight percent) with effect from 1st October, 2018 to 31st December, 2018.

Also Read : GPF Interest Rates

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% (Eight percent) with effect from 1st October, 2018 to 31st December,2018. This rate will be in force with effect from 1st October, 2018.

4. The rate of interest on belated final payment of Provident Fund accumulations 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)

K.SHANMUGAM
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

Signed Copy

Tamil Nadu Government Employees

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