Small Savings Schemes Interest Rates from July 2024 to Sep 2024
F.No.1/4/2019-NS Government of India Ministry of Finance Department of Economic Affairs (Budget Division)
North Block, New Delhi Dated: 28.06.2024
OFFICE MEMORANDUM
Subject: Revision of Interest Rates for Small Savings Schemes – reg.
The rates of interest on various Small Savings Schemes for the second quarter of FY 2024-25 starting from 1st July, 2024 and ending on 30th September, 2024 shall remain unchanged from those notified for the first quarter (1st April, 2024 to 30th June, 2024) of FY 2024-25.
2. This has the approval of the competent authority.
(Kapil Patidar) Deputy Secretary (Budget)
To, 1. The Finance Secretary & Secretary Expenditure, Department of Expenditure North Block, New Delhi.
2. The Secretary, Department of Economic Affairs North Block, New Delhi.
3. The Secretary, Department of Revenue North Block, New Delhi.
4. The Secretary, Department of Financial Services Jeevan Deep Building, New Delhi.
5. The Secretary, Department of Posts Dak Bhawan, New Delhi.
6. The Chief General Manager (DGBA) Reserve Bank of India, Central Office, Mumbai.
7. Reserve Bank of India Central Account Section, Additional Office Building, East High Court Road, Civil Lines, P.B. No.15, Nagpur – 440 001.
8. Chief Secretaries of States / UT Government
9. The Joint Director National Savings Institute, New Delhi.
Periodic Performance Review of Central Government Employees (FR 56 & CCS(Pension) Rules): DOPT O.M dt 27.06.2024
F. No. 25013/01/2024-Pers.Policy A-IV Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training (Personnel Policy A-IV)
North Block, New Delhi Dated : 27th June, 2024
OFFICE MEMORANDUM
Subject: – Periodic Review of Central Government Employees for strengthening of administration under Fundamental Rule (FR) 56(j)/(l) and rule 48 of CCS(Pension) Rules, 1972 [now, revised as Rule 42 of CCS (Pension) Rules, 2021] – reg.
The undersigned is directed to refer to the subject cited above and to state that instructions have been issued from time to time for undertaking periodic review of performance of Government servants with a view to ascertain whether the Government servant should be retained in service or retired from service prematurely, in public interest, as per relevant provisions of Fundamental/ Pension Rules referred to in the subject cited above. In addition to the various instructions/guidelines issued in the subject matter, the DoPT vide its OM No. 25013/03/2019-Estt.A-IV dated 28.08.2020 (copy enclosed) has issued a comprehensive and consolidated guidelines detailing the procedures to be followed in identifying the cases of premature retirement under FR 56 (j)/(l) and Rule 48 of CCS – (Pension) Rules directing all the Ministries/Departments to follow the content of the said OM strictly and ensure its wide circulation amongst all concerned. The detailed guidelines on the above subject are already available in public domain at https://dopt.gov.in — Archives — Orders — Establishment — Premature retirement.
2. Similarly, in so far as strengthening of administration by periodical review under FR 56(j) in respect of Autonomous Institutions and Statutory bodies is concerned, the DoPT’s OM No. -26012/8/2022-Estt.A-lV dated 20.12.2022 and OM No.25013/1/2016-Estt.A-IV dated 11.03.2016 (copies enclosed) respectively may be referred to.
3. It may be noted that the objective of Fundamental Rule (FR) 56 (j)/(I) and Rule 48 of CCS (Pension) Rules [now, revised as Rule 42 of CCS (Pension) Rules, 2021] is to strengthen the administrative machinery by developing responsible and efficient administration at all levels and to achieve efficiency, economy and speed in the disposal of Government functions.
4. The Administrative Ministries/Departments have repeatedly been requested to adhere to guidelines issued in this regard and furnish a report to this effect to the Department of Personnel and Training. However, it has come to notice that various Ministries/Departments are not adhering to the said guidelines resulting in delay in identifying the Government employees due for review under relevant provisions of FR- 56 (j)/(l) and Rule 48 of CCS (Pension) Rules [now, revised as Rule 42 of CCS (Pension) Rules, 20214].
5. In view of the above, the Ministries/Departments are requested to take immediate action to identify the employees due for review under relevant provisions of Fundamental/Pension Rules and ensure that their cases are expeditiously submitted for consideration before the duly constituted Review Committee as per extant instructions. Further, all Ministries/Departments are also requested to direct the Public Sector Undertakings (PSUs)/Banks, Autonomous Institutions and Statutory bodies under their administrative control to undertake the exercise of periodic review of employees under the relevant provisions.
6. Further, all the Ministries/Departments/Organisations are also requested to strictly adhere to the timeline mentioned in DoPT’s OM dated 28.08.2020 for undertaking the exercise of review of performance of the Government servants and for the employees of PSUs/Banks/autonomous institutions/statutory organisations under their administrative control to ensure that the employees with doubtful integrity or found to be ineffective are not allowed to continue in Government and to furnish a report to DoPT in format given below by 15th day of each month starting from July, 2024
Number of employees to be reviewed under FR-56 (j)/(l)/Rule 42 of CCS(Pension) Rules, 2021,
group-wise (A/B/C)
Number of employees reviewed under provisions of FR- 56(j)/(l)/Rule 42 of CCS) (Pension) Rules, 2021
group-wise (A/B/C)
Number of employees reviewed and against whom the provisions of FR- 56 (j)/(l)/Rule 42 of CCS (Pension) Rules, 2021invoked/ recommended
group-wise (A/B/C)
Number of employees employees retired prematurely invoking FR- 56 (j)/(I)/Rule 42 of CCS (Pension) Rules, 2021
group-wise (A/B/C)
(1)
(2)
(3)
(4)
7. Hindi version will follow.
Sd/- (Shankra Nand Bharti) Deputy Secretary to the Government of India
To, All Secretaries of Ministries/ Departments of the Govt. of India (As per the standard list)
Copy to: 1. Comptroller & Auditor General of India, New Delhi. 2. Union Public Service Commission, New Delhi. 3. Central Vigilance Commission, New Delhi. 4. Central Bureau of Investigation, New Delhi. | 5. Parliament Library, New Delhi. 6. All Union Territory Administrations. 7. Lok Sabha/ Rajya Sabha Secretariat. | 8. All Attached and Subordinate Offices of Ministry of Personnel, P.G. & Pensions. 9. Hindi Section for Hindi version.
Revision in the rate of Ration Money Allowance in respect of Non-gazetted RPF/RPSF personnel
GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD)
No. E(P&A)I-2005/ALL/RPF-2
RBE No. 53/2024 New Delhi, dated 20.06.2024
The General Managers, All Indian Railways and Production Units.
Sub : Revision in the rate of Ration Money Allowance in respect of Non-gazetted RPF/RPSF personnel.
In terms of Board’s letter of even number dated 16.11.2022, non-gazetted RPFIRPSF personnel were entitled for Ration Money Allowance at par with Central Para Military Force (CPMF)/Central Armed Police Force (CAPF) personnel i.e. @ Rs. 117.40 per head per day from 01/04/2019 to 31/03/2020, Rs. 118.02 per head per day from 01/04/2020 to 31103/2021 and Rs. 127.69 per head per day from 01/04/2021 to 31/03/2022.
2. It has now been decided to revise the rate of Ration Money Allowance as follows:
S. No.
Financial Year
Ration Money Allowance (per head per day)
1
2022-23 (01/04/2022 to 31/03/2023)
Rs. 136.43
2
2023-24 (01/04/2023 to 31/03/2024)
Rs. 142.75
3. Accordingly, sanction of the Ministry of Railways is hereby accorded post-facto to revise the rate of Ration Money Allowance from Rs. 127.69 per head per day to Rs. 136.43 per head per day from 01/04/2022 to 31/03/2023, and to Rs. 142.75 per head per day from 01/04/2023 to 31/03/2024.
4. The other terms and conditions as stipulated in para 4 of Board’s letter of even number dated 10.06.2009 remain unchanged.
5. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
Interest Rate on House Building Advance (HBA) for Central Government Employees – FY 2024-25
I-17015/2(2)/2024/H.III/30 Government of India Ministry of Housing & Urban Affairs (Housing-III-Section)
Nirman Bhawan, New Delhi Dated: 12 June, 2024
OFFICE MEMORANDUM
Subject: – Rate of Interest on House Building Advance (HBA) for Central Government Employees for FY 2024-25.
In pursuance to revision of interest rate by Department of Economic Affairs, Ministry of Finance vide OM No 9(2)-B(PD)/2024 dated 10.06.2024, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees for Financial Year 2024-25 (i.e. 1% April, 2024 to 31 March, 2025) will be 7.44% till further orders.
2. This issues with the approval of Competent Authority.
Sd/- (Manoj Kumar Jha) Under Secretary to the Govt. of India Tel: 23061476 Email ID: manojk.jha[at]nic.in
To All the Central Government Ministries/Departments Copy for kind information to:
1. PS to Hon’ble Minister, Ministry of Finance, North Block, New Delhi. 2. PS to Hon’ble Minister, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi 3. PS to Hon’‘ble Minister of State, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi. 4. SO (IT Cell) with a request to upload it in e-office and on website of Ministry of Housing & Urban Affairs.
To, The CGMs/Unit Heads, KTK, MH, RJ, PB and WB Circles BSNL
Subject: Empanelment of all network hospitals under Fortis Healthcare, regarding.
Fortis Healthcare Limited vide their letter dated 8th May 2024 have agreed for providing medical healthcare services and healthcare facilities to BSNL employees, retirees and their dependents on CGHS cash payment basis for both OPD and IPD treatments in their network hospitals.
2. A list of network hospitals of Fortis Healthcare along with names of the concerned representative is attached at Annexure-I. Agreement for empanelment with Fortis hospitals in Delhi & NCR is being done by Admin Cell BSNL Corporate Office.
3. For hospitals located in Bangaluru, Rajasthan, Mohali, Amritsar, Ludhiana, Mumbai and Kolkata, agreements need to be signed by DGM/AGM level officer under HR/Admin of Circle Office. A copy of draft agreement (approved by competent authority), in this regard, is enclosed herewith at Annexure-II.
4. It is requested to enter agreement with each hospital in the circle, separately (as they are separate legal entities) and provide soft copy of the agreement on email ID [email protected], latest by 25th June 2024, positively.
Guidelines for Implementing Aadhaar Enabled Biometric Attendance System (AEBAS) in MDOs: DOPT O.M
F. No.11013/13/2023-Pers. Policy-A.III Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training *****
North Block, New Delhi Dated 15th June, 2024
OFFICE MEMORANDUM
Subject: Instructions regarding implementation of Aadhar Enable Biometric Attendance System (AEBAS) for attendance of all Government employees, by various Ministries/Departments/Organizations (MDOs)
Instructions have been issued by this Department from time to time for observing punctuality by the Government employees. Responsibility for ensuring punctuality in respect of their employees rests with the concerned Ministry/ Department/ Organization (MDO). In this regard, instructions on implementation of Aadhar Enabled Biometric Attendance System (AEBAS) by Ministries/Departments/Organizations (MDOs) have also been issued from time to time. In its instructions issued by this Department vide OM of even number dated 23rd June, 2023, all the MDOs were, inter a/ia, advised to ensure strict implementation of AEBAS and periodically monitor the marking of attendance to ensure punctuality. However, it has been observed that despite clear instructions, several employees are not registering their attendance in Biometric Attendance System (BAS) and some of the employees have been coming late on a regular basis.
2. The matter of strict implementation of AEBAS has recently been reviewed and taking a serious note of the laxity in implementation of AEBAS, it is hereby reiterated that all MDOs will regularly monitor the attendance reports of their employees after downloading the same from the portal (attendance.gov.in). The MDOs will also ensure the following: •
a. All employees mark their attendance using AEBAS without fail. This will ensure that there will be no discrepancy between ‘registered’ and ‘active’ employee on AEBAS.
b. In case any employee is not registered over AEBAS, immediate steps should be taken to register his/her biometric data on BAS portal; MDOs may also reconcile the data of registered employees on AEBAS with the employee data on other portals such as eHRMS portal/PFMS portal and the list of employees maintained by the Department.
c. In respect of Divyaang employees, MDOs will make appropriate arrangements for providing convenient and easily accessible machines for capturing biometrics through suitable alternative modes.
d. HODs of the MDOs shall sensitize their employees to adhere to the instructions relating to office hours, late attendance etc. They would download the consolidated report from the portal on a regular basis and identify the defaulters. Habitual late attendance and early leaving of office should be viewed seriously and be essentially discouraged. Strict action against the defaulters may be initiated under the extant GOI rules.
e. MDOs shall ensure that the biometric machines remain functional at all times.
3. Besides above, it may be noted that UIDAI has now rolled out face-based authentication applications using Android/i0S based phones. The face Authentication offers robust features like faster authentication, live location detection, geo-tagging, etc. The Nodal Officer of respective MDO shall configure personal mobile policy in attendance portal for the employees of their Organizations and get the geo-coordinates fed into the entry locations of the office. The minimum OS requirements for smart phones would be OS 9.0 or above for Android smartphones and OS 14.0 or above for iOS smartphones. NIC officers and staff of the respective MDOs will facilitate registration of their Departmental employees on such ‘OS/android applications.
4. It may kindly be noted that BAS is only an enabling platform and there is no change in the punctuality instructions relating to Office Hours, late attendance etc. which will continue to apply. As per extant instructions contained in DOPT OM No. 28034/8/75-Estt(A) dated 04.07.1975; DOPT OM No. 28034/10/75-Estt(A) dated 27.08.1975 and DOPT OM No. 28034/3/82-Ests(A) dated 05.03.1982, half-a-day’s Casual Leave (CL) should be debited for each day of late attendance, but late attendance upto an hour, on not more than two occasions in a month, and for justifiable reasons may be condoned by the competent authority. In addition to debiting Casual Leave (or Earned Leave, when no CL is available), disciplinary action may also be initiated against Government servants coming to office habitually late as it amounts to ‘misconduct’ under the CCS(Conduct) Rules, 1964. Early leaving is also to be treated in the same manner as late coming. The data relating to punctuality and attendance of an employee should also be taken into account, while considering him/her for important assignments, trainings, deputations and transfers/postings.
5. Secretaries of the Ministries/Departments etc. are, therefore, requested to kindly bring the contents of these instructions to the notice of their employees and put in place a robust monitoring mechanism to ensure complete compliance by the employees and initiate suitable action against the defaulting employees.
(Manoj Kumar Dwivedi) Additional Secretary to the Government of India
To, All Secretaries of Ministries/Departments (As per standard list)
DA from Jan 2024 for CPSE employees on 6th CPC pay scales governed by HPPC recommendations – DPE O.M
F. No. 2(54)/08-DPE (WC)-GL-IX/2024 Government of India Ministry of Finance Department of Public Enterprises
Public Enterprises Bhawan, Block 14, CGO Complex, Lodi Road, New Delhi-110003, Dated: the 14th June, 2024
OFFICE MEMORANDUM
Subject: – Payment of DA to the CDA pattern employees of CPSEs on 6th CPC pay scales governed by HPPC recommendations w.e.f. 01.01.2024.
The undersigned is directed to refer to Para No. 2 and Annexu re-Ill to this Department’s O.M. dated 14.10.2008 wherein the rates of DA payable to the employees of CPSEs who are following CDA pattern pay scales had been indicated.
2. The DA payable to the employees may be enhanced from the existing rate of 230% to 239% with effect from 01.01.2024.
3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.
4. These rates are applicable in the case of CDA employees whose pay have been revised with effect from 01.01..2006 as per DPE O.M. dated 14.10.2008.
5. All administrative Ministries/Departments of Government of India are requested to bring this to the notice of Central Public Sector Enterprises under their administrative control for necessary action at their end.
(Dr.P.K. Sinha) Deputy Secretary to the Government of India
DA from Jan 2024 for CPSE employees on 5th CPC pay scales governed by HPPC recommendations – DPE O.M
No. 2(42)/97-DPE (WC)—GL-X/2024 Government of India Ministry of Finance Department of Public Enterprises
Public Enterprises Bhawan, Block 14, CGO Complex, Lodi Road, New Delhi-I 10003, Dated: the 14th June, 2024
OFFICE MEMORANDUM
Subject : – Payment of DA to the CDA pattern employees of CPSEs on 5th CPC pay scales governed by HPPC recommendations w.e.f. 01.01.2024-reg.
The undersigned is directed to refer to Para No. 2 and Annexure-Ill to this Department’s O.M. dated 24.10.1997 wherein the rates of DA payable to the employees of CPSEs following CDA pattern pay scales, who are governed by HPPC recommendations had been indicated.
2. In continuation of this Department’s OM of even number dated 16.11.2023, the rates of Dearness Allowance payable to the employees of CPSEs governed by the recommendations of HPPC, which have not revised their pay scales in terms of DPE O.M. No. 2(54)/2008-DPE(WC) dated 14.10.2008 may be as follows:-
a) In case of CPSEs who have not allowed the benefit of merger of 50% of DA with basic pay as contained in DPE O.M. dated 24.05.2005 to their employees, the DA payable may be enhanced from existing rate of 477% to 493% w.e.f. 01.01.2024.
b) In case of CPSEs who have allowed the benefit of merger of 50% of DA with basic pay as contained in DPE O.M. dated 24.05.2005 to their employees, the DA payable may be enhanced from existing rate of 427% to 443% w.e.f. 01.01.2024.
3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.
4. All administrative Ministries/Department of Government of India are requested to bring the foregoing to the notice of the Central Public Sector Enterprises under their administrative control for necessary action at their end.
(Dr. P.K.Sinha) Deputy Secretary to the Government of India
EPFO discontinues Covid-19 advance withdrawal facility: EPFO ORDER
The Employees’ Provident Fund Organization (EPFO) has discontinued its Covid-19 advance withdrawal facility with immediate effect, citing the end of the pandemic. This scheme was introduced to provide financial relief to EPF members during the economic hardship caused by Covid-19.
Reason for Discontinuation
The EPFO stated that since Covid-19 is no longer classified as a pandemic, the competent authority has decided to end the advance facility. This decision applies to all EPF accounts, including those under exempted trusts.
Previous Covid-19 Advance Provisions
The Covid-19 advance scheme allowed eligible EPF members to withdraw a non-refundable amount. This amount was capped at the lower of three months’ basic wages and dearness allowance or 75% of the member’s total EPF balance. The scheme was implemented twice – during the initial phase of the pandemic and again during the second wave in 2021.
Impact and Alternative Options
While the discontinuation of the Covid-19 advance facility might affect those who were relying on it, it’s important to remember that regular EPF withdrawal options are still available. Members can explore these options for their financial needs, but they should be mindful of the long-term impact on their retirement corpus.
Conclusion
The EPFO’s decision to end the Covid-19 advance facility reflects the improving economic situation and the decline in Covid-19 cases. Members are advised to be aware of the revised regulations and explore alternative withdrawal options only if absolutely necessary.
EPFO ORDER COPY
EMPLOYEES’ PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR & EMPLOYMENT. GOVERNMENT OF INDIA
No. WSU/2020/COVID-19/Agendaltem/1701
Dated 12 Jun 2024
To All Addl CPFCs in charge of Zones All RPFCs in charge of Regional Offices All OICs in charge of District Offices
Sub: Discontinuation of Covid-19 Advances under para 68L(3) — Reg. Ref: No. C_I/Misc./2019-20/VoI.II/Part/ dated 28.03.2020.
Madam/Sir,
Please refer to the Head Office circular under reference forwarding therewith notification GSR.225(E) dated 27.03.2020 inserting Sub-Para (3) under Para 68L of the EPF Scheme, 1952 whereby a non-refundable advance was provided to the EPF members during the outbreak of first wave of Covidl9 and another advance was also allowed in view of second wave w.e.f. 31.05.2021.
As Covid-19 is no more a pandemic, the competent authority has decided to discontinue the said advance with immediate effect. This will be applicable to the exempted trusts also and accordingly may be intimated to all the Trusts coming under your respective jurisdictions.
IDA from Apr 2024 for 1987 and 1992 basis Pay Scales CPSE Employees – DPE ORDER
F. No.W-02/ 0003/ 2014-DPE(WC)-GL-XI/ 2024 Government of India Ministry of Finance Department of Public Enterprises
Public Enterprises Bhawan Block 14, CGO Complex, Lodi Road, New Delhi-110003 Dated: the 14th June, 2024
OFFICE MEMORANDUM
Subject:- Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.
The undersigned is directed to refer to Para. No.4 of this Department’s O.M. No. 2(50)/86-I)PE(WC) dated 1.9.07.1995 wherein the rates of DA payable to the executives holding Board level post have been indicated. In accordance with the DA scheme spelt: out in Annexure-III of the said O.M, the installments of DA become payable from 1st January, 1st April, 1st July and 1st October, every year based on the price increase above quarterly Index average of 1099 (1960-100).
2. In continuation of this Department’s O.M. of even No. dated 11.01.2024, the rates of DA payable to the executives of CPSEs holding Board level post, below Board level post: and Non-Unionized Supervisors following IDA pattern of 1992 pay scales may be modified as follows:-
Date from which payable: 01.04.2024
Average AICPI (1960=400) for the quarter December, 2023 to February, 2024 is 9135. The increase over the link point in percentage [(9135-1099)/ 1099*100] is 731.2%. DA Rates for various Pay Ranges w.e.f. 01.04.2024.
DA Rates for various Pay Ranges:
Basic Pay per Month
DA Rates
Upto Rs.3500
731.2% of pay subject to minimum of Rs.16072/-
Above Rs.3500 and Upto Rs.6500
548.4% of pay subject: to minimum of Rs.25592/-
Above Rs.6500 and Upto Rs.9500
438.7% of pay subject to minimum of Rs.35646/-
Above Rs.9500
365.6% of pay subject to minimum of Rs.41677/-
3. The payment on account of dearness allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.
4 The quantum of IDA payable from 01.04.2024 at the old system of neutralization @ Rs.2.00 per point shift for increase of 41 points, may be Rs.82/- and at AICPI 9135, DA payable may be Rs. 16859.75 to the executives holding Board level post, below Board level post and non-unionized supervisors following IDA pattern in the CPSEs of 1987 pay scales.
5. All administrative Ministries/Departments of Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for necessary action at their end.
6. This issues with the approval of the Competent Authority.
(Dr. P.K. Sinha) Deputy Secretary to the Government of India
To:
All administrative Ministries/Departments of the Government of India.
Copy to:
1. The Chief Executives of Central Public Sector Enterprises. 2. Financial Advisers in the Administrative Ministries/Departments. 3. Department of Expenditure, E-II Branch, North Block, New Delhi. 4. The Comptroller 86 Auditor General of India, 9 Deen Dayal Upadhayay Marg, New Delhi. 5. NIC, DPE with the request to upload this OM on the DPE website.
(Dr. P.K. Sinha) Deputy Secretary to the Government of India
