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Date of Next Increment after completing 6 months period – 180 days – NFPE Clarification

By
igeadmin
-

NATIONAL FEDERATION OF POSTAL EMPLOYEES
1st Floor North Avenue Post Office Building, New Delhi-110 001

NO PF-68-113/CDS (RP) Rules 2016

Dated – 11.11.2020

The Secretary Department of Posts Dale Bhawan, New Delhi —110001

Sub :- Date of next Increment under Pule 10 of CCS (RP) Pules 2016- Clarification regarding.

Ref : – Directorate letter No. 2-16/2017-PAP dated 02.12.2019 & MOF OM NO 0-21/2017-1CA-111A dated 20.11.2010.

Sir

As per above cited office memos, the first increment in the level applicable to the post on which promotion is made shall accrue on the following 1st July or 1st January, as the case may be, provided a period of 6 months qualifying service is strictly fulfilled. The next increment thereafter shall, however, accrue only after completion of one year.

According to the above order, 6 months of qualifying period can be counted as 180 days instead of 6 calendar months. If it is counted as 6 calendar months, the official will have to lose one increment as there is one day non qualifying period during 6 months. Thereby the official will have to bear huge financial loss till We date of retirement and after retirement in pension. Therefore 6 months qualifying period may be counted as 180 days.

It has been brought to our notice regarding non grant of one increment after completing 6 months period i.e. 180 days from 2nd July to 1st January (both inclusive) on 1st January or 2nd January to 1st July (both inclusive) on 1st July on financial upgradation under MACPS/regular promotion due to non qualifying service of one day during this period but they have completed 180 days (i.e. Six months) qualifying service. Therefore, the officials will lose huge amount of pay and allowances due to misinterpretation of the above order at the time of allotting next increment after completing 6 month qualifying service i.e. 180 days. But qualifying service for next increment is calculated by subtracting We number of non qualifying days and remaining days are converted into months while 30 days are treated as one month.

In so many cases, months are counted in number of days like at the time of implementation of order of adhoc/officiating promotion i.e. 4 months or 11 months, CCL-730 days, maternity leave -180 days and split period counted for increment. On the same basis, 6 months period of qualifying period may be counted as 180 days for increment purpose also.

It is therefore requested to kindly cause suitable instructions in this regard so that the problem may be solved and officials may not suffer because of only one day non-qualifying service.

With regards,

Yours sincerely,
(R.N. Parashar)
Secretary General

Source : NFPE

MACP on completion of 10/20/30 Years of Service or 10 years of service after previous promotion: AAOs/Sr. Auditors/ Auditors/ Clerks/ MTS

By
igeadmin
-

Principal Controller of Defence Accounts
(Western Command), Chandigarh-160009
Tel.No. :0172-22741611 Ext. (250)

IMPORTANT CIRCULAR
(Through PCDA (WC) Website)

No. AN/III/1800/MACP

Dated: – 09.11.2020

To
1. All Sub Offices and IFAs (under PCDA (WC) Chd.)
2. All Sections (Main Office, PCDA (WC) Chd.)

Sub: MACP on completion of 10/20/30 Years of Service or 10 years of service after previous promotion: AAOs/Sr. Auditors/ Auditors/ Clerks/ MTS

MACP Scheme envisages grant of three financial up gradation on completion of 10, 20 and 30Years of continuous regular service or 10 Years in the grade.

As per the scheme, three financial up gradation in the entire career of an employee will be counted against regular promotions availed from the grade in which employee was appointed as direct recruit.

The financial up gradation under the scheme will be admissible whenever a person has spent 10 years continuously in the same grade pay. The 2nd financial up-gradation after completion of 10 years of regular service from the date of 1st financial up-gradation. The 3rd up-gradation after completion of 10 years of regular service from the date of 2nd financial up-gradation. If the 1st up-gradation gets postponed on account of the employee not found fit or due to departmental proceedings etc, this would have consequential effect on 2nd and 3rd up-gradation which would also get deferred accordingly.

It may be ensured that name of the official/officer who have already received this benefit are not forwarded again. Also ensure that no eligible official is left out from your office/section.

In this connection, it is requested to review the position in your office/section and names of the eligible officers/staff members (AA0s/Sr. Auditors/ Auditors/ Clerks/ MTS) under MACP Scheme, who are covered upto 30.09.2021, should reach this office through mail ID pcdawcan3[dot]dadg[at]hub[dot]nic[dot]in latest by 1st Dec. 2020 to enable this office to grant MACP.

Separate statements may please be forwarded for each grade in the proforma furnished below:

Sl. No. Name Grade A/C no. Date of Appointment in DAD with grade Length of qualifying service as on 30.09.2021 Promotions if any with Date & Grade ACP/MACP/ Promotion if any with Date & Grade (1st /2nd) Date of Appttl Grade previous, if any

The contents of the circular may please be got noted by all the affected individuals whether on leave or Ty.Duty. Nil report is also required.

GO (AN) has seen.

(N.C.DOGRA)
Sr. Accounts Officer(AN)

Signed Copy

Nationwide Bank Strike on 26th November 2020 – BEFI Strike Notice

By
igeadmin
-

BEFI

Circular No.77/2020

10th November 2020

To all Units, Affiliates, Office Bearers, CC & GC Members

Dear Comrade,

General Strike on 26th November 2020

With an aim of putting resistance to the destructive approach of ruling Govt. at the centre being manifested to the country and its people at large; the toiling masses of the country are going to observe 20th nationwide General Strike, since advent of new economic policy in 1991, on 26th Nov 2020 at the call of National Platform of Central Trade Unions (CTUs) and sector wise Federations.

BEFI has rich tradition of participating in all such strike actions including other protest programme along with the working class of the country. Since April this year, starting from the lockdown period, our comrades are participating in the movements of the working class of the country to oppose the anti nation policies of the Govt.

We understand that the banking sector as a whole is subjected to unprecedented onslaughts from the Govt. as part of its plan to dismantle the public sector financial institutions of the country. We must realise that this is not ‘another strike’; we should be prepared for many more strike actions in near future to halt the desperate Govt.

Strike Notice will be served by BEFI on 11th Nov. 2020. We have decided for some preparatory programme listed below. More than 25 crore people are going to take part in the General Strike and it is our responsibility to reach all the employees, officers, customers with our following demands to make them aware of the imminent danger and involve them in the ensuing struggle. We call upon our Units and Affiliates to take necessary initiatives to observe our programme at all places along with other programme declared by the CTUs and fraternal federations.

Demands

1. 7 point demands of CTUs and sector-wise Federations adopted in National Convention on 2nd October 2020;

2. No dilution of Govt. Equity in Public Sector Banks; Recapitalise adequately;

3. Recover written off amounts and bad debts from big borrowers; Take stringent measures against willful defaulters;

4. Stop outsourcing in violation of industry level settlement; Regularise Casual Workers engaged by different banks;

5. Repeal Banking Regulation (Amendment) Act 2020; Strengthen Cooperative Banking sector;

6. Scrap NPS; Extend Defined Pension Scheme to all; Revise Pension of bank retirees in RBI pattern;

7. Increase rate of interest on bank deposits; Reduce bank charges levied on common customers.

Programme

11 Nov. 2020 : Submission of Strike Notice;

12-22 Nov. 2020 : Extensive meetings: physical/virtual/public;

17-18 Nov. 2020 : Mass postering at prominent places; (Posters with bank related demands to be printed by Units in vernacular)

23 Nov. 2020 : Rally at State capitals & District Head Quarters;

23-25 Nov. 2020 : Memorandum to all Branch heads; (Text of Memorandum will be sent later)

24 Nov. 2020 : Badge wearing; (Badges to be printed in vernacular by Units)

26 Nov. 2020 : Nationwide Bank Strike.

With greetings,

Yours comradely,
.
(Debasish Basu Chaudhury)
General Secretary

Source : BEFI

Process for transfer of account in National (Small) Savings Schemes – SB Order No. 37/2020

By
igeadmin
-

SB Order No. 37/2020

e.F.No.113-02/2019-SB
Government of India
Ministry of Communications
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi-110001
Date: 10.11.2020

To
All Head of Circles/Regions

Subject :- Regarding revision of process for transfer of account in National (Small) Savings Schemes.

Sir / Madam,

Kindly refer to the SB Order No. 12/2020, issued vide this office letter No. 116-12/2016-SB dated 14.05.2020. This office has been receiving representations from various sections regarding delay during manual transfer of account transfer application to home SOL and amendment/restoration of the provisions for transfer of account in National (Small) Savings Schemes.

2. The issue has been examined in this office in view of delay in account transfer process. Matter was taken up with the nodal Ministry’. In accordance with Department of Economic Affairs, Ministry of Finance’s O.M. no. 1/8/2016-NS dated 27.10.2020 the competent authority has decided to revise account transfer process as below.

Also Read : Dept of Posts SB Order : Relaxation guidelines in Small Savings Schemes

3.Accordingly, replace the text of note below rule 43(2) (a) in POSB (CBS) Manual.

Note: – Transfer of account shall be done by the HPO only. If application for transfer of account along with prescribed documents is presented at SO where the account stands or at other SO, the respective SPM shall send the application along with documents to their respective HO through account bag by entering in list of documents and details of such applications should be entered in a register to be maintained in manuscript. After receipt of transfer application at HO the HO will perform account transfer process as prescribed in rule 43(2) (a) of POSB (CBS) Manual.

4. It is requested that this SB order may be circulated to all concerned including CBS Post Offices for information and necessary action accordingly.

5. This issues with the approval of competent authority.

Yours faithfully,

(Devendra Sharma)
Assistant Director (SB)

Signed Copy Download here

LTC Cash Voucher Scheme – Finmin released FAQ-2

By
igeadmin
-

No. 12(2)/2020-E.II(A)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated 10th November, 2020

OFFICE MEMORANDUM

Subject: Clarification regarding queries being received in respect of Special cash package equivalent of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21 (FAQ No. 2).

The undersigned is directed to say that this Department has been receiving a number of queries relating to Special Package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21 announced by the Government on 12th October, 2020. A set of frequently asked questions have already been clarified vide this Department’s O.M. of even No. dated 20th October, 2020 and is available on this Department’s website viz. doe.gov.in.

  1. A further set of frequently asked questions have been clarified and are attached herewith at Annexure-`A’.
  2. This issues with the approval of Competent Authority.

(S.Naganathan)
Deputy Secretary E.II(A)

All Ministries/Departments of the Government of India

FAQ NO 2

FAQ ON LTC CASH VOUCHER SCHEME

An employee whose workplace and hometown are same and is eligible for only one all India LTC in one Block Year. If that LTC is exhausted, will he be eligible for this scheme?

No. The scheme is in lieu of one LTC available during the block year.

If an employee does not have enough leave or less than the minimum balance of 40 days which is required in his leave account and avail leave encashment for LTC, whether he will be eligible for leave encashment in this scheme?

Leave encashment is to be in accordance with LTC Rules. The employee can however avail the benefit of scheme without the leave encashment if such encashment is not available.

If an employee has already availed hometown LTC(only for self) for 2018-19 along with leave encashment, can he now claim LTC cash voucher scheme with LTC for self from block year 2020-21 and for remaining family members from block 2018-19?

Yes. He can claim leave encashment as per the scheme provided it does not exceed the maximum limit of 60 days eligible for encashment.

If both husband and wife are working in the central government, if one is availing LTC cash voucher scheme for self and spouse and also taking LTC leave encashment, then can the spouse avail LTC leave encashment separately?

Yes

If an employee avails only deemed LTC fare without leave encashment, and spends less than or equal to three times of the deemed fare entitlement, how much reimbursement will he get?

Reimbursement will be on pro-rata basis.

Whether purchase of goods/services on loan/EMI, will be covered under this scheme?

Purchase of any goods or services which attract GST of 12% and above qualify for reimbursement under this scheme. Purchases on EMI basis are also permissible. The purchase should have been effected after the issue of the order i.e. 12.10.2020 and should have an invoice.

For those officials having three Hometown LTCs and one all India LTC, can they avail special cash package for year 2020 in 2021(upto 31.03.2021) and avail LTC for 2021 also in 2021?

The scheme is valid up to 31.3.2021 and is in lieu of the available LTC. An official may avail LTC for 2021 in 2021 provided the same has not been foregone in lieu of the benefits of the said scheme.

If a fresh recruit who is governed by LTC Rules for New Recruits is in his 8th year after recruitment opts for this scheme, can he submit bills having date of January-March 2021?

Yes, but one block year of LTC/ or one LTC to be foregone to avail the benefits of the Special Scheme.

Since the fresh recruits are not allocated block year, can they avail this scheme?

Yes

Can the payment be made by cheque /DD / Banker’s Cheque/ NEFT/ RTGS?

Yes

If a defence employee wants to buy a car from defence canteen, attracting only 14% GST as against 28% GST in the market, can he avail this scheme?

As per scheme Goods & Services attracting GST of 12% or more can be purchased.

If an employee has already exhausted 60 days of Leave Encashment, can he further avail 10 days Leave Encashment?

No. He can avail only deemed fare value.

If an employee is availing Cash scheme against year 2018-19 (extended till 31.12.2020), can he submit bills from January, 2021 to March, 2021?

Yes, provided the transactions occurred on or after 12.10.2020 and bills are submitted before 31.03.2021.

If a child is less than 5 year old then he is not eligible for rail fare, will he be counted as a dependent for this scheme?

Yes. Provided the child is eligible as a dependent in accordance with LTC Rules.

Is this scheme applicable to the Autonomous Bodies?

Autonomous Bodies can adopt the scheme provided they are already implementing LTC scheme similar to the Central Government’s Scheme, before 12.10.2020.

Whether any advance will be given like LTC advance?

Please refer to para 4 Of Ministry of Finance, Department of Expenditure OM No.12(2)/20/E-IIA dated 12.10.2020. It has been stated that an amount up to 100% of leave encashment and 50% of the value of deemed fare may be paid as advance into the bank account of employee.

Whether we can purchase different items under this scheme like we purchase washing machine, mobile, AC or not?

Yes. An individual can purchase different items which attract GST of 12% and more. The payment should be made through digital mode.

I availed home LTC in 2019. What is my eligibility position for LTC cash voucher scheme?

This scheme is for the LTC block of 2018-21. Normally, a block contains two LTC fare [home town and anywhere in India]. If one has been availed and the other remaining, the same can be utilized for this purpose. Any unutilized LTC of the block of 2018-21 is eligible.

How spending of 3 to 4 times on purchasing of products will be tracked? Will purchase made online from e-commerce website be acceptable?

Any purchase with digital mode is to be supported by invoice. Based on production of invoice the spending is calculated. The intention of this scheme is to encourage every mode of purchase. It is for the employee to choose a suitable digital mode.

I purchased certain items after 12.10.2020 but before formally exercising my option. Can it be counted for reimbursement?

All eligible purchases on or after 12.10.2020 and before 31.3.2021 can be counted.

Whether the advance taken under the scheme is to be settled within 30 days of disbursal of advance as stipulated under LTC rules. Can receipt be in the name of any dependent?

The Special Cash Package Scheme in lieu of one LTC is to compensate and incentivise consumption by Government Employees and the benefits can be availed up to 31.03.2021. Para 4 of O.M. dated 12.10.2020 provides for advance to Government employees in lieu of LTC fare and Leave encashment. As this is a Special Cash Package, the rules relating to advance taken under LTC are not applicable in the present scheme. Accordingly it is clarified that:

(i) The advance taken under the scheme shall be settled on or before 31st March 2021, and

(ii) the invoices of the goods and services purchased as per the scheme may be in the name of spouse or any family member who are eligible for LTC Fare as declared in the Service records.

Signed Copy Download here

FAQ 1 – CLICK HERE

Government is helping the pensioners to be “Atamnirbhar” in life: Dr Jitendra Singh

By
igeadmin
-

Government is helping the pensioners to be “Atamnirbhar” in life: Dr Jitendra Singh

MoS, Jitendra Singh addresses the interactive programme on “Power of Thoughts and Meditation in Covid-19 pandemic” for pensioners

The Union Minister of State (I/C) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh said that under the able leadership of Prime Mininster, Shri Narendra Modi, the Department of Pensions & Pensioners’ Welfare (DoPPW) is trying to make the pensioners “Atamnirbhar” by promoting the Digital Life Certificate for pensioners which can be given from the comfort of one’s home also. Earlier due to difficulties faced by the pensioners in submitting the Life Certificate because of Covid-19 pandemic , the Government has relaxed the existing timeline for submission of Life Certificate from 1st November, 2020 to 31st December 2020, MoS said.

Addressing an interactive session of Bhrahma Kumari Sister Shivani, on “Power of Thoughts and Meditation in Covid-19 pandemic” organized by DoPPW here today, Dr. Jitendra Singh said that the Pensioners as senior citizens being the most vulnerable group in the wake of the Covid 19 pandemic, need a helping hand and compassionate ears in addition to medical care and such programmes will help them to tackle their mental stress level thus protecting them from physical illness as well.

While appreciating the inevitable style of Bhrahma Kumari Sister Shivani in making her point, Shri Jitendra Singh said that senior citizens always have lot to offer to the society and their valuable experiences can bring changes to the society. The key to happiness is being greatful for all that we have and to be self content which is enshrined in all ancient scriptures and now it has also been acknowledged by science that mental and emotional well being leads to better physical health and immunity against diseases, he said.

Endorsing the thoughts on building positivity in life given by Bhrahma Kumari Sister Shivani in her address, the Minister said that life style modifications are must in this period of Covid-19 Pandemic as one should liberate oneself from nagging thoughts. He said that though the average life span has increased in India to in recent years but one should add life to the years and not years to the life.

Earlier addressing the programme, Bhrahma Kumari Sister Shivani call for keeping oneself energized with positive thoughts in this period of Covid-19 pandemic and make the others energized like a well lit Diya giving energy to the other Diyas. Through their sanskars, they can take care of not only their own emotional well being but also contribute to emotional strength of everyone else in home and in society as they are the givers of unconditional emotional support, stability, hope and love to all younger members of their family and society at large, she added.

Dr Kshatrapati Shivaji, Secretary (Pension & Pensioners’ Welfare ) and Shri Sanjiv Narain Mathur Joint Secretary (Pension & Pensioners’ Welfare) along with other senior officials and office bearers of the Pensioners’ Associations were present in this online event.

This programme was aimed to sensitize senior pensioner on mental wellbeing during Corona pandemic . The DoPPW has been taking extra efforts for organizing programs for addressing pensioners’ health issues including providing counseling for Covid 19, yoga sessions for enhancing immunity and overall health, through video-conferencing connecting large number of pensioners across India with the help of Pensioners Associations.

Date of next increment – Rule 10 of Army Officers and Air Force Officers Pay Rules, 2017 – MoD

By
igeadmin
-

No. 1(20)/2017/D(Pay/Services) – Part-1
Ministry of Defence
Department of Military Affairs
D (Pay/Services)

Sena Bhawan, New Delhi
Dated: 02 November, 2020

OFFICE MEMORANDUM

Subject: Date of next increment – Rule 10 of Army Officers and Air Force Officers Pay Rules, 2017; Regulation 10 of Navy Officers – Pay Regulations, 2017; Rule 10 of Army, Air Force and Military Nursing Service Pay Rules, 2017; Regulation 10, of Navy Pay Regulations, 2017 and Rule 9 of the Non-Combatants (Enrolled) of Air Force Rules, 2017 – regarding.

The undersigned is directed to invite attention to MoD O.M.s No.: 1(20)2017/D(Pay/Services) dated 22.3.2018 and 30.4.2019 and O.M. No. a PC-1(20)2017-D(Pay/Services) Part- II dated 11.3.2019 on the issue of availability of option for fixation of pay on promotion/ Modified Assured Career Progression Scheme (MACPs) from the date of next increment (DNI) in the lower post and method of pay fixation from DNI, if opted for, in context of Army and Air Force Officers Pay Rules, 2017, Navy Officers Regulation, 2017, Army, Air Force and Military Nursing Service Pay Rules, 2017, Navy Pay Regulations, 2017 and Non-Combatants (Enrolled) of Air Force Rules, 2017.

2. Enclosed herewith is the Ministry of Finance, Department of Expenditure OM No. 421/2017-IC/E.IIIA dated 28.11.2019 and to say that the provisions contained therein of the said letter, will mutatis-mutandis be applicable to the Defence Services Officers and JCO/OR and equivalence – provided all the conditions and stipulations laid down therein are strictly fulfilled.

3. Since there is a material change, the personnel who have been regularly promoted or granted financial up-gradation on or after 1.1.2016 and desire to exercise/ re-exercise option for pay fixation shall be given opportunity to exercise or re-exercise of the option. Such an option shall be exercised within one month of issue of this O.M.

4. These instructions will be applicable with effect from 01.01.2016.

5. This issues with the concurrence of Finance Division of this Ministry vide their Dy. No. 1(8)/2017-AG/PA/101 dated 21.10.2020.

(T Johnson)
Gp Capt
Director (Pay /Services)

Signed Copy

Exemption of Employees of PwD category from roster duty due to COVID19

By
igeadmin
-

DPE-GM-/0037/2014-GM (FTS-1867)
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan,
Block No.14, C.G.O. Complex,
Lodhi Road, New Delhi-110 003.
Dated: 2nd November, 2020

Office Memorandum

Subject : Exemption of Employees of PwD category from roster duty due to COVID19 situation-reg.

In continuation of DPE’s OM of even number dated 08.06.2020 and 23.09.2020 regarding exemption of Employees under Persons with Disabilities (PwD) category and Pregnant Women from roster duty in the CPSEs due to COVID-19 situation, it is reiterated that these instructions continue to remain applicable In the light of the DoPT OM No.11013/9/2014-Estt. A.III dated 7th October, 2020.

2. All the administrative Ministries/Departments of CPSEs are requested to bring it to the notice of CPSEs under their administrative control for necessary action and compliance.

(Pavanesh Kumar Sharma)
Dy. Secretary to Government of India

Signed Copy

Bunching of Pay consequent upon pay fixation in promotional grades of junior officers

By
igeadmin
-

No. 11030/1/2015-AIS-II
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training

Dated: 5th November, 2020

To
The Chief Secretary,
All the States / Union Territories.

Subject: Bunching of Pay consequent upon pay fixation in promotional grades of junior officers- reg.

Sir,

I am directed to refer to references being received from the various Ministries / Departments of Central Government and from the State Governments, on the above-mentioned Subject and to say that Rule 4 (A) (ii) (a) &(b) of AS (Pay) Rules, 2016 state that:

“(a) where, in the fixation of pay, the pay of members of the Service drawing pay at two or more stages in pre-revised Pay Band and Grade Pay or scale, as the case may be, get fixed at same Cell in the applicable Level the Pay Matrix, one additional increment Shall be given for every two stages bunched and the pay of member of Service drawing higher pay in pre-revised structure shall be fixed at the next vertical Cell in the applicable Level.

(b) For this purpose, pay drawn by two members of the Service in a given pay Band and Grade Pay or scale where the higher pay is at least 3% more than the lower pay Shall constitute two stages. Officers drawing pay where the difference is less than 3% shall not be entitled for this benefit.”

2. Accordingly, it is stated that the bunching benefits are granted to an officer when his/her pay arrives equal to his/her junior due to revision of pay as per the new Pay Commission and not in the case when the junior gets equal pay due to promotion to next promotional grade. Hence. the bunching benefits do not apply to the cases where the junior officer is drawing equal pay to that of his/her senior due to pay fixation in the promotional grade. However, a comparative chart worked out for indicating instances, wherein junior officer gets equal to that of his senior and senior office not being eligible for bunching, is enclosed for ready reference.

3. This issues with the approval of the competent authority.

Yours faithfully,

(Jyotsna Gupta)
Under Secretary to Government of India

Signed Copy

Tamil Nadu GPF Interest Rate from October to December 2020

By
igeadmin
-

Government of Tamil Nadu
2020

MANUSCRIPT SERIES

FINANCE [Allowances] DEPARTMENT
G.O.Ms.No.386, Dated 02nd November, 2020.

(Saarvari, Aippasi-17, Thiruvalluvar Aandu 2051)

ABSTRACT

Provident Fund – General Provident Fund (Tamil Nadu) – Rate of interest for the financial year 2020-2021 – With effect from 1.10.2020 to 31.12.2020 – Orders – Issued.

Read the following:-

1. G.O.Ms.No.231, Finance (Allowances) Department, dated 23.04.2020.

2. G.O.Ms.No.306, Finance (Allowances) Department, dated 27.07.2020.

3. From the Government of India, Ministry of Finance, Department of Economic Affairs (Budget Division), New Delhi Resolution F.No.5(2)-B(PD)/2020, dated 27.10.2020.

-oOo-

ORDER:

In the Government Orders first and second read above, orders were issued fixing the rate of interest on the accumulation at the credit of the subscribers of General Provident Fund (Tamil Nadu) during the financial year 2020-2021 as detailed below:

Sl.No Quarter Period Rate of
Interest
1 I 1-04-2020 to 30-06-2020 7.1%
2 II 1-07-2020 to 30-09-2020 7.1%

 

2. The Government of India, in its resolution third read above, announced that during the year 2020-2021, accumulation 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 October, 2020 to 31st December, 2020.

3. The Government now direct 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 October, 2020 to 31st December, 2020.

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)
S.KRISHNAN
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

Signed Copy

 

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