Increasing 8 % per annum of Provident Fund-Interest rates on General Provident Fund
Provident Fund-Interest rates on General Provident Fund (Andhra Pradesh) for the subscribers of GPF and other similar funds at 8%(Eight percent) per annum with effect from 01.04.2019 to 30.06.2019 for the year 2019-20 Orders-Issued.
According to Rule 13(1) of General Provident Fund (Andhra Pradesh)
Rules 1935, Government shall pay to the credit of the account of a
subscriber interest at such rate as may be determined for each year
according to the method of calculation prescribed from time to time by the
Government of India for payment of interest on subscription to the General
provident Fund in respect of Central Services.
2. In the G.O.1stread above, the State Government have adopted the
interest rate of 8% per annum with effect from 01.01.2019 to 31.03.2019,
Rules 1935, Government shall pay to the credit of the account of a
subscriber interest at such rate as may be determined for each year
according to the method of calculation prescribed from time to time by the
Government of India for payment of interest on subscription to the General
provident Fund in respect of Central Services.
2. In the G.O.1stread above, the State Government have adopted the
interest rate of 8% per annum with effect from 01.01.2019 to 31.03.2019,
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