G.P.F. rate of interest changed, belated Order published .
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April 14, 2012 at 7:45 am #67364unknownParticipant
I surprised to see the following Govt. Order in wbxpress.com.
……………………………………………………………………………………………………………………….Government of West Bengal
Finance Department
Audit Branch
No. 2908-F( J), Date : 09/04/2012
RESOLUTION
The Governor is pleased to decide that during the year 2011-12, accumulations at the credit of the subscribers to the General Provident Fund and other similar funds under the administrative control of the Govt. of West Bengal shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011. The funds concerned are:-
i) General Provident Fund (West Bengal Service)
ii) Contributory Provident Fund ( West Bengal)
iii) Provident Fund maintained under the West Bengal Non-Govt. Educational Institutions and Local authorities (CPFE) Act, 1983.
iv) Any other Provident Fund maintained in the state Accounts with approval of this Govt.
2. Ordered that the resolution be forwarded to all Departments of the Govt. of West Bengal and published in Kolkata Gazette.
By order of the Governor,
Sd/- P.N. Sammader
Joint Secretary to the
Government of West Bengal
Finance Department…………………………………………………………………………………………………………………….
Our Office already issued G.P.F. Account statement to the Group “D” employees and I assume many of the Offices has done it. Should we wait more for issuing the same?
If not then.
i) I welcome this Order but why so belated?
ii)Why should we re-calculate the Account and Issue revised statement?
iii) Why the rate of interest is not uniform through out the whole F.Year?April 14, 2012 at 1:36 pm #72025unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Friend,
My same question like you. I have not seen before it the dis-uniformity of the rate of G.P.F. interest during the whole F.Y. I shall not be surprised if it will revise again.So it is better to wait now. Is no my friend?April 14, 2012 at 2:12 pm #72027unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
I am also thinking so and wait until the G.O. received Officially.April 14, 2012 at 6:44 pm #72036unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Dear friends,
I have also seen the order yesterday and wonder enough, why this type or order issued too late? However I think, Calculation of interest for this year might be complicated. I am attaching herewith a sample calculation sheet for checking and reference.
Thanks.April 14, 2012 at 6:59 pm #72037unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Thanks Achin for your comments and help. I have already prepared an excel utility in this regard. https://askwb.com/topic/new-p-f-calculator-as-per-enhanced-rate/April 16, 2012 at 5:08 pm #72059unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Thanks Mr. Som. I was sure that, you must give a gift to wbxpress community by creating a GPF Interest calculator in enhanced rate of interest.It is really nice. I have also a same thing.April 16, 2012 at 6:26 pm #72060unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Thats a nice effort. I shall check it and post my feedback. Keep it up.April 18, 2012 at 2:18 pm #72084unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
FriendS!!
Is it applicable to all Govt aided teachers also??
Thanks
IndrajitApril 18, 2012 at 2:57 pm #72085unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Yes.iii) Provident Fund maintained under the West Bengal Non-Govt. Educational Institutions and Local authorities (CPFE) Act, 1983.
July 25, 2012 at 12:42 pm #73378unknownParticipantRe: G.P.F. rate of interest changed, belated Order published
Dear All,
As per my knowledge the new GPF interest rate is 8.8% from 1st April 2012. I got a GO. Please find the attachment. I am waiting for your valuable comments. -
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